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EURUSD, H4 I Potential Rise

Preference:

With crossing above the moving average and price bouncing off our pivot at 1.1439 which is in line with the 161.8%Fibonacci projection and horizontal swing low, we are expecting price to rise to 1st resistance at 1.15132 in line with the 50% Fibonacci retracement and horizontal overlap resistance.

Alternative Scenario:

Alternatively, we may see price break pivot structure and dip to 1st support at 1.14116 in line with the 100% Fibonacci projection level.

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