Title: EURO FX Futures ( 6E1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 1.01345
Pivot: 0.99940
Support: 0.97525
Preferred case: On the H4 chart, the overall bias for ZS1! is bullish . To add confluence to this, price is above the Ichimoku cloud and price breaking the descending trendline which indicate a bullish market. The price may rise from the pivot at 0.99940, which is in line with the 61.8% fibonacci retracement and projection to the 1st resistance at 1.01345, where the swing high is.
Alternative scenario: Price may retrace downwards towards the the support line at 0.97525, which is in line with the swing lows.
Fundamentals: There are no major news.
Type: Bullish Momentum
Resistance: 1.01345
Pivot: 0.99940
Support: 0.97525
Preferred case: On the H4 chart, the overall bias for ZS1! is bullish . To add confluence to this, price is above the Ichimoku cloud and price breaking the descending trendline which indicate a bullish market. The price may rise from the pivot at 0.99940, which is in line with the 61.8% fibonacci retracement and projection to the 1st resistance at 1.01345, where the swing high is.
Alternative scenario: Price may retrace downwards towards the the support line at 0.97525, which is in line with the swing lows.
Fundamentals: There are no major news.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.