EURUSD, H4 is approaching our Pivot point, potential bounce.

2021년 4월 8일

Price is approaching our support level in line with our graphical pullback support and 61.8% fibonacci retracement where we could see a bounce above this level to our resistance target. Stochastic is facing bullish pressure from our support level as well where we could see a further upside above this level.

Pivot: 1.17988
Why we like it:
graphical pullback support and 61.8% fibonacci retracement

1st Support: 1.16863
Why we like it:
Graphical swing low support, 78.6% fibonacci extension

1st Resistance: 1.19856
Why we like it:
Graphical swing high resistance

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