We have a bullish bias on the H4 due to the price being above the ichimoku cloud and moving within the ascending trendline. If the price breaks the first resistance at 1.30600, which is the swing high currently, the price may rise to the second resistance at 1.31181, which is in line with 78.6% of the Fibonacci retracement.
• There is resistance1.30600 followed by resistance at 1.30873 and 1.31474.
• There is support at 1.30357, Below, there is 1.30171 and 1.29842.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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