EURO FX Futures ( 6E1! ), H4 Potential for Bullish Continuation
Title: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1.09390
Pivot: 1.07540
Support: 1.05675
Preferred case: Looking at the H4 chart, my overall bias for 6E1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the overlap resistance at 1.09390, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to retest the pivot at 1.07540, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 1.09390
Pivot: 1.07540
Support: 1.05675
Preferred case: Looking at the H4 chart, my overall bias for 6E1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the overlap resistance at 1.09390, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to retest the pivot at 1.07540, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.