#EURUSD approaching pivot, potential for a bounce!
Price is approaching our pivot level at 1.17681 which is in line with 38.2% Fibonacci retracement level, horizontal overlap support & moving average support. Price can potentially bounce to resistance at 1.18267, which is in line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Alternatively, price may drop to our support at 1.17449, which coincides with 61.8% Fibonacci retracement level and 100% Fibonacci extension level.
Pivot:
1.17681
Why we like it:
38.2% Fibonacci retracement level, horizontal overlap support & moving average support
1st Support:
1.17449
Why we like it:
61.8% Fibonacci retracement level and 100% Fibonacci extension level
1st Resistance:
1.18267
Why we like it:
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Trading FX & CFDs carries high risk.
Alternatively, price may drop to our support at 1.17449, which coincides with 61.8% Fibonacci retracement level and 100% Fibonacci extension level.
Pivot:
1.17681
Why we like it:
38.2% Fibonacci retracement level, horizontal overlap support & moving average support
1st Support:
1.17449
Why we like it:
61.8% Fibonacci retracement level and 100% Fibonacci extension level
1st Resistance:
1.18267
Why we like it:
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
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.