Title: EURO FX Futures ( 6E1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 1.08110 Pivot: 1.06915 Support: 1.05290
Preferred case: Looking at the H4 chart, my overall bias for 6E1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading down towards the support at 1.05290, where the previous swing low is.
Alternative scenario: Price may head back up towards the resistance line at 1.08110 where the previous swing high is.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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