EURO FX Futures ( 6E1! ), H4 Potential for Bullish Continuation
Title: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1.06680
Pivot: 1.05085
Support: 1.03315
Preferred 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 the bullish momentum continues, expect price to possibly break the pivot at 1.05085, where the previous high is before heading towards the 1st resistance line at 1.06680 where the previous swing high and 38.2% Fibonacci line are located.
Alternative scenario: Price may head back down towards the support at 1.03315, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 1.06680
Pivot: 1.05085
Support: 1.03315
Preferred 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 the bullish momentum continues, expect price to possibly break the pivot at 1.05085, where the previous high is before heading towards the 1st resistance line at 1.06680 where the previous swing high and 38.2% Fibonacci line are located.
Alternative scenario: Price may head back down towards the support at 1.03315, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.