EURUSD, H4 bounced from our Pivot point, potential for a rise.
Price is bouncing from our Pivot point at 1.21431, in line with 23.6%, 78.6%, 50% Fibonacci retracement, and horizontal graphical area, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22094. It is noteworthy that price is trending above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.21431
Why we like it:
23.6%, 78.6%, 50% Fibonacci retracement, and horizontal graphical area.
1st Support: 1.21022
Why we like it:
50%, 50%, 88% Fibonacci retracement and horizontal graphical support.
1st Resistance: 1.22094
Why we like it:
127%, -27%, 161.8% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Pivot: 1.21431
Why we like it:
23.6%, 78.6%, 50% Fibonacci retracement, and horizontal graphical area.
1st Support: 1.21022
Why we like it:
50%, 50%, 88% Fibonacci retracement and horizontal graphical support.
1st Resistance: 1.22094
Why we like it:
127%, -27%, 161.8% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.