Description:
Price is reversing from our pivot at 0.77666, in line with 61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap. Where we could see a drop under this level towards the 1st support. Otherwise, a break above this level may see price swing towards 1st resistance. Do note that price is trending under the moving average and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 0.77666
Supporting Points:
61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap
1st Support: 0.76636
Supporting Points:
127% and -27% Fibonacci retracement
1st Resistance: 0.78507
Supporting Points:
61.8%, 50% Fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is reversing from our pivot at 0.77666, in line with 61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap. Where we could see a drop under this level towards the 1st support. Otherwise, a break above this level may see price swing towards 1st resistance. Do note that price is trending under the moving average and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 0.77666
Supporting Points:
61.8%, 23.8%, 88% fibonacci retracement and horizontal graphical overlap
1st Support: 0.76636
Supporting Points:
127% and -27% Fibonacci retracement
1st Resistance: 0.78507
Supporting Points:
61.8%, 50% Fibonacci retracement 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.