EURUSD facing bullish pressure. Potential for further upside.

Price is facing bullish pressure as it continues to hold above the moving average support in line with our analysis. We expect a medium probability bullish rise from our pivot towards our 1st resistance at 1.21961. Otherwise, a break below the pivot should see price swing towards 1st support at 1.21293.

Pivot: 1.21495
Supporting Points:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and graphical overlap support

1st Support: 1.21293
Supporting Points:
61.8% Fibonacci retracement, 100% Fibonacci extension and graphical pullback support

1st Resistance: 1.21695
Supporting Points:
-27.2% Fibonacci retracement and 127.2% Fibonacci extension

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