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 head 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 to retest the pivot at 1.05085, where the previous high 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 head 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 to retest the pivot at 1.05085, where the previous high is.
Fundamentals: There are no major news.