Potential for Bullish Continuation
On the H4, with price recently breaking out of the descending trendline and RSI moving in an ascending trendline, we have a bullish bias that price will continue to rise from the 1st support at 0.68182 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at 0.69637 at the swing high in line with the 100% fibonacci projection . Alternatively, price may reverse off the 1st support and drop to the 2nd support at 0.6724 at the swing low in line with the 78.6% fibonacci projection
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