Title: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 1.05090 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 bullish momentum continues, expect price to possibly head towards the 1st resistance line at 1.05090 where the previous swing high is located.
Alternative scenario: Price may head back down towards the pivot at 1.01315, where the previous swing high is located.