Price has broken beneath our Pivot point at 0.77324, in line with 61.8%, 78.6% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 0.76615. It is worth noting that price is trending under the Ichimoku cloud and MACD is under the 0 line, in line with our bearish view.
Pivot: 0.77324
Why we like it:
61.8%, 78.6% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76615
Why we like it:
-27%, 78.6% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.77852
Why we like it:
78.6% Fibonacci retracement and 38.2% Fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 0.77324
Why we like it:
61.8%, 78.6% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 0.76615
Why we like it:
-27%, 78.6% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.77852
Why we like it:
78.6% Fibonacci retracement and 38.2% Fibonacci extension
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.