Potential Bullish Breakout

TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 1.33726 which is a pullback resistance and could potentially break above this level; we could see momentum carry price up to its 1st resistance at 1.34879 which is a pullback resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 1.32883 which is a pullback support that aligns close to the 50.0% 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.