EURUSD, H4 is approaching our Pivot point, potential bounce.
Price is approaching our support level in line with our graphical pullback support and 61.8% fibonacci retracement where we could see a bounce above this level to our resistance target. Stochastic is facing bullish pressure from our support level as well where we could see a further upside above this level.
Pivot: 1.17988
Why we like it:
graphical pullback support and 61.8% fibonacci retracement
1st Support: 1.16863
Why we like it:
Graphical swing low support, 78.6% fibonacci extension
1st Resistance: 1.19856
Why we like it:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.17988
Why we like it:
graphical pullback support and 61.8% fibonacci retracement
1st Support: 1.16863
Why we like it:
Graphical swing low support, 78.6% fibonacci extension
1st Resistance: 1.19856
Why we like it:
Graphical 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.