#EURUSD, H4 is bouncing from our pivot, potential for rise
Price is bouncing from our Pivot point at 1.19082, in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal overlap, where we could potentially see a push up from our pivot towards our 1st resistance level at 1.19726, which is in line with 78.6%, -27% fibonacci retracement and horizontal graphical overlap. Note that price is above the moving average, in line with our bearish analysis.
Pivot: 1.19082
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal overlap
1st Support: 1.18605
Why we like it:
78.6%, 161.8% fibonacci retracement and horizontal graphical overlap
1st Resistance: 1.19726
Why we like it:
78.6%, -27% fibonacci retracement and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Pivot: 1.19082
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal overlap
1st Support: 1.18605
Why we like it:
78.6%, 161.8% fibonacci retracement and horizontal graphical overlap
1st Resistance: 1.19726
Why we like it:
78.6%, -27% fibonacci retracement and horizontal graphical overlap
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.