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 continue 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 possibly break the pivot at 1.05085 where the previous high was before heading 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 continue 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 possibly break the pivot at 1.05085 where the previous high was before heading down towards the support at 1.03315, where the 23.6% Fibonacci line is.
Fundamentals: There are no major news.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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