EURUSD, H4 is facing bullish pressure, potential bounce
Price is facing bullish pressure from our Pivot point at 1.19900, in line with 23.6% Fibonacci retracement and graphical pullback support, where we could potentially see a further upside from our pivot towards our 1st resistance level at 1.21234, which is in line with 78.6% fibonacci retracement and graphical pullback resistance level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
Pivot: 1.19900
Why we like it:
23.6% Fibonacci retracement and graphical pullback support
1st Support: 1.19299
Why we like it:
38.2% fibonacci retracement and graphical pullback support
1st Resistance: 1.21234
Why we like it:
78.6% fibonacci retracement and graphical pullback resistance level
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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.