EURUSD Potential for Bullish Continuation
On the H4, with price bouncing off the ichimoku cloud and breaking out of the descending trend channel, we have a bullish bias that price will rise form the 1st support at 1.01804 at the pullback support to the 1st resistance at 1.02727 at the swing high in line with the 50% fibonacci retracement and 100% fibonacci projection. Alternatively, price may reverse off the 1st support and drop to the 2nd support at 1.02026 at the swing low.
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