#EURUSD, H4 is testing our Pivot point, potential for a long.
Price is testing our Pivot point at 1.22234, in line with 78.6% fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22812, which is in line with -27% fibonacci retracement and 61.8% fibonacci extension. Note that price is trending above the Ichimoku cloud, ascending trendline and MACD is above the 0-line, in line with our bullish analysis.
Pivot: 1.22234
Why we like it:
78.6% fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21716
Why we like it:
61.8% fibonacci extension, 61.8% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1.22812
Why we like it:
-27% fibonacci retracement and 61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 1.22234
Why we like it:
78.6% fibonacci retracement, 50% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21716
Why we like it:
61.8% fibonacci extension, 61.8% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1.22812
Why we like it:
-27% fibonacci retracement and 61.8% fibonacci extension
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.