EURUSD, H4 is facing bullish pressure, potential bounce

20 เม.ย. 2021

Price is facing bullish pressure from our Pivot point at 1.19900, in line with 23.6% Fibonacci retracement and graphical pullback support, where we could potentially see a further upside from our pivot towards our 1st resistance level at 1.21234, which is in line with 78.6% fibonacci retracement and graphical pullback resistance level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
Pivot: 1.19900
Why we like it:
23.6% Fibonacci retracement and graphical pullback support

1st Support: 1.19299
Why we like it:
38.2% fibonacci retracement and graphical pullback support

1st Resistance: 1.21234
Why we like it:
78.6% fibonacci retracement and graphical pullback resistance level

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