Bullish Momentum

TitleBullish MomentumTypeBullish RisePreference:Price is showing a bullish momentum at the pivot point of 1.0929 and could potentially rise higher from here; we could see momentum carry price up to its 1st resistance at 1.10057 which is a multi-swing-high resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.08849 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.