#EURUSD, H4 is approaching our Pivot point, potential for a rise
Price is above our Pivot point at 1.21110, in line with 38.2% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.21815, which is in line with 61.8% fibonacci extension and horizontal swing high. Note that price is trending above the moving average, in line with our bullish analysis.
Pivot: 1.21110
Why we like it:
38.2% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.20667
Why we like it:
127% fibonacci extension, 61.8% fibonacci retracement and horizontal swing low.
1st Resistance: 1.21815
Why we like it:
61.8% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Pivot: 1.21110
Why we like it:
38.2% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.20667
Why we like it:
127% fibonacci extension, 61.8% fibonacci retracement and horizontal swing low.
1st Resistance: 1.21815
Why we like it:
61.8% fibonacci extension and horizontal swing high
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.