Type: Bullish ContinuationKey Levels:Resistance:1.07935Pivot:1.05085Support:1.03315Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the 1st resistance line at 1.07935 where the previous swing high is. Alternative Scenario: Price may possibly break the pivot at 1.05085 where the previous high was before heading down towards the support at 1.03315, where the 23.6% Fibonacci line is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/euro-fx-futures-6e1-h4-potential-for-bullish-continuation-type-bullish-continuation"
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