Price is reversing from our Pivot point at 0.76156, in line with 38.2%, 50% Fibonacci retracement and horizontal graphical overlap. Where we could potentially see a drop from our pivot towards our 1st support level at 0.75443, in line with 127%, -61.8% fibonacci retracement and 61.8% fibonacci extension. It is worth noting that price is under the ichimoku cloud, in line with our bearish analysis.
Pivot: 0.76156
Why we like it:
38.2%, 50% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.75443
Why we like it:
127%, -61.8% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 0.76641
Why we like it:
50% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Pivot: 0.76156
Why we like it:
38.2%, 50% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.75443
Why we like it:
127%, -61.8% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 0.76641
Why we like it:
50% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap.
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.