Rockqet

Potential for Bullish Continuation

Long
FX:EURUSD   Euro / U.S. Dollar
On the H4, with price moving above the ichimoku cloud, it supports our bullish bias that price will rise from our overlap support and buy entry at 1.05183 in line with the 23.6% fibonacci retracement, to the resistance level at 1.08546 in line with the 61.8% fibonacci retracement. Alternatively, price may break the buy entry level and drop to the stop loss at 1.03540 at the swing low in line with the 61.8% fibonacci projection.

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