Potential Bullish Breakout | Tickmill

Potential Bullish Breakout

Bullish Rise

Price has just broken above a potential breakout level and could climb higher from here. The pivot point of 0.65874 is a suitable entry point and  we could see momentum carry price up to its 1st resistance at 0.66160 which is a pullback resistance level.

Alternative scenario:
If price reverses from the pivot point, it could hit the 1st support at 0.65603 which is a pullback support level.

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