Title: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 1.09390
Pivot: 1.07540
Support: 1.05675
Preferred case: Looking at the H4 chart, my overall bias for 6E1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the overlap resistance at 1.09390, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to retest the pivot at 1.07540, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Continuation
Resistance: 1.09390
Pivot: 1.07540
Support: 1.05675
Preferred case: Looking at the H4 chart, my overall bias for 6E1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue moving towards the overlap resistance at 1.09390, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to retest the pivot at 1.07540, where the 38.2% 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
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.