TitleEURUSD H4 | Potential bullish breakoutTypeBullish BreakoutPreference:The price could break out of the pivot at 1.10065, the multi-swing high resistance, and rise to the 1st resistance at 1.10645, the swing-high resistanceAlternative scenario:Alternatively, the price could continue the downward momentum to the 1st support at 1.09813, the overlap support, which aligns with the 38.2% Fibo retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
