#EURUSD, H4 has bounced from pivot, potential for rise
Price has bounced from our Pivot point at 1.21674, in line with 61.8% fibonacci retracement, 100% fibonacci extension and horizontal overlap resistance, where we could potentially see a push up from our pivot towards our 1st resistance level at 1.22592, which is in line with 127% fibonacci extension, 127% fibonacci retracement and horizontal swing high resistance. Please note that price is currently trending within a bullish channel, in line with our bullish analysis.
Pivot: 1.21674
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal overlap resistance
1st Support: 1.21002
Why we like it:
78.6%, 127% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.22592
Why we like it:
127% fibonacci extension, 127% fibonacci retracement and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21674
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal overlap resistance
1st Support: 1.21002
Why we like it:
78.6%, 127% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.22592
Why we like it:
127% fibonacci extension, 127% fibonacci retracement and horizontal swing high resistance
Trading FX & CFDs carries high risk.
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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.