Euro / U.S. DollarShort
EURUSD, H4 testing our Pivot point, potential for drop.
Price is testing our Pivot point at 1.21388, in line with 100%, 127% Fibonacci extension, 78.6% fibonacci retracement, descending trendline resistance and horizontal graphical area, where we could potentially see a drop from our pivot towards our 1st support level at 1.20379.
Pivot: 1.21388
Why we like it:
100%, 127% Fibonacci extension, 78.6% fibonacci retracement, descending trendline resistance and horizontal graphical area
1st Support: 1.20379
Why we like it:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.21363
Why we like it:
-27% Fibonacci retracement, 161.8% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Pivot: 1.21388
Why we like it:
100%, 127% Fibonacci extension, 78.6% fibonacci retracement, descending trendline resistance and horizontal graphical area
1st Support: 1.20379
Why we like it:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.21363
Why we like it:
-27% Fibonacci retracement, 161.8% Fibonacci extension and horizontal swing high resistance.
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.