Euro / U.S. DollarShort
#EURUSD, H4 is returning to our pivot, potential for drop.
Description
Price is approaching our pivot level at 1.1862 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average. Price can potentially take support at 1.1792, which is in line with -27.2%Fibonacci retracement level, 61.8% Fibonacci extension level. Alternatively, price may rise up to our resistance at 1.19122, which coincides with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level . This is further supported by how price is holding below the EMA
Pivot:
1.18620
Why we like it:
61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average
1st Support:
1.1792
-27.2%Fibonacci retracement level, 61.8% Fibonacci extension level
1st Resistance:
1.19612
61.8% Fibonacci retracement level, 78.6% Fibonacci extension level
Trading FX & CFDs carries high risk.
Price is approaching our pivot level at 1.1862 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average. Price can potentially take support at 1.1792, which is in line with -27.2%Fibonacci retracement level, 61.8% Fibonacci extension level. Alternatively, price may rise up to our resistance at 1.19122, which coincides with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level . This is further supported by how price is holding below the EMA
Pivot:
1.18620
Why we like it:
61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and moving average
1st Support:
1.1792
-27.2%Fibonacci retracement level, 61.8% Fibonacci extension level
1st Resistance:
1.19612
61.8% Fibonacci retracement level, 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.