EURUSD H4 | Potential bullish breakout

EURUSD H4 | Potential bullish breakout

Bullish Breakout

The price could break out of the pivot at 1.10065, the multi-swing high resistance, and rise to the 1st resistance at 1.10645, the swing-high resistance

Alternative scenario:

Alternatively, the price could continue the downward momentum to the 1st support at 1.09813, the overlap support, which aligns with the 38.2% Fibo retracement level.

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