#EURUSD, H4 is approaching our Pivot point, potential for a long
Price is approaching our Pivot point at 1.21794, in line with 61.8%, 78.6% fibonacci retracement and horizontal swing low, where we could potentially see a bounce from our pivot towards our 1st resistance level at 1.22598, which is in line with -61.8%, 78.6% fibonacci extension and horizontal swing high resistance. Note that price is trending above the bullish trendline, in line with our bullish analysis.
Pivot: 1.21794
Why we like it:
61.8%, 78.6% fibonacci retracement and horizontal graphical support.
1st Support: 1.21307
Why we like it:
161.8%, 100%% fibonacci extension and horizontal swing low.
1st Resistance: 1.22598
Why we like it:
-61.8%, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21794
Why we like it:
61.8%, 78.6% fibonacci retracement and horizontal graphical support.
1st Support: 1.21307
Why we like it:
161.8%, 100%% fibonacci extension and horizontal swing low.
1st Resistance: 1.22598
Why we like it:
-61.8%, 78.6% fibonacci extension and horizontal swing high resistance
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.