#EURUSD approaching pivot, potential for a rise!

Description
Price has broken above our pivot level at 1.16369 which is in line with horizontal swing low support, 61.8% Fibonacci retracement level . We could potentially see a further rise from here towards 1.16605, which coincides with , 161.8% Fibonacci extension level & horizontal swing high resistance. Finally, we can expect price to take support at 1.16216, which coincides with 78.6% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.

Pivot:
1.16369
Why we like it:
horizontal swing low support, 61.8% Fibonacci retracement level

1st Support:
1.16216
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support

1st Resistance:
1.16605
Why we like it:
161.8% Fibonacci extension level & horizontal swing high resistance

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