Title: EURO FX Futures ( 6E1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1.03965
Pivot: 1.01315
Support: 0.99625
Preferred case: The current bias for 6E1! on the H4 chart is bearish . To add to this bias, the price is currently crossing below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, expecting price to possible head towards the pivot at 1.01315, where the previous swing high is located.
Alternative scenario: Price may head back up towards the resistance line at 1.03965, where the previous swing high and 161.8% Fibonacci extension line are located.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 1.03965
Pivot: 1.01315
Support: 0.99625
Preferred case: The current bias for 6E1! on the H4 chart is bearish . To add to this bias, the price is currently crossing below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, expecting price to possible head towards the pivot at 1.01315, where the previous swing high is located.
Alternative scenario: Price may head back up towards the resistance line at 1.03965, where the previous swing high and 161.8% Fibonacci extension line are located.
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.