Title: EURO E-MINI FUTURES ( E71! ), H4 Potential for Bullish Rise
Type : Bullish Rise
Resistance : 1.0790
Pivot: 1.0545
Support : 1.0428
Preferred Case: On the H4, price is moving above the ichimoku cloud and in an ascending trendline which supports our bullish bias that price will continue to rise from the pivot at 1.0545 at the pullback support to 1st overlap resistance at 1.0790 in line with 78.6% fibonacci projection and 50% fibonacci retracement .
Alternative scenario: Alternatively, price could drop to 1st support at 1.0428 where the 61.8% fibonacci projection and swing low support are.
Fundamentals: no major news
Type : Bullish Rise
Resistance : 1.0790
Pivot: 1.0545
Support : 1.0428
Preferred Case: On the H4, price is moving above the ichimoku cloud and in an ascending trendline which supports our bullish bias that price will continue to rise from the pivot at 1.0545 at the pullback support to 1st overlap resistance at 1.0790 in line with 78.6% fibonacci projection and 50% fibonacci retracement .
Alternative scenario: Alternatively, price could drop to 1st support at 1.0428 where the 61.8% fibonacci projection and swing low support are.
Fundamentals: no major news
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results