#EURUSD approaching pivot, potential for a breakout!

Description
Price is approaching and likely to breakout of strong pivot level of 1.16098. This level coincides with horizontal overlap support, 23.6% Fibonacci retracement level. A break and close above this level could see price swing towards 1st resistance at 1.16259. This level is strengthened by 38.2% Fibonacci retracement levelhorizontal overlap support. Finally, we can expect price to take support at 1.15873, which coincides with 38.2% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.

Pivot:
1.16098
Why we like it:
horizontal overlap support, 23.6% Fibonacci retracement level

1st Support:
1.15873
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support

1st Resistance:
1.16259
Why we like it:
161.8% Fibonacci extension level & horizontal swing high resistance

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