EURUSD is at pivot potential for bounce! | 13th Oct
Price is approaching pivot level of 1.15235, which is in line with horizontal swing low support, 100% Fibonacci extension level. A reversal from this level may see price take resistance at price 1.16664. This level coincides with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap resistance. Finally, we can expect price to take support at 1.14879 78.6% Fibonacci extension level horizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
1.15235
Why we like it:
horizontal swing low support, 100% Fibonacci extension level
1st Support:
1.14879
Why we like it:
78.6% Fibonacci extension levelhorizontal overlap support
1st Resistance:
1.16664
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
1.15235
Why we like it:
horizontal swing low support, 100% Fibonacci extension level
1st Support:
1.14879
Why we like it:
78.6% Fibonacci extension levelhorizontal overlap support
1st Resistance:
1.16664
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal overlap 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.