EURUSD, H4 is approaching our Pivot point, potential for a rise
Price is approaching our Pivot point at 1.21419, in line with 100% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.21952, which is in line with 161.8% fibonacci extension and 127% fibonacci retracement. Note that price is trending above the Ichimoku cloud support and MACD is above the 0 line, in line with our bullish analysis.
Pivot: 1.21419
Why we like it:
100% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21059
Why we like it:
61.8% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 1.21952
Why we like it:
161.8% fibonacci extension and 127% fibonacci retracement
Trading FX & CFDs carries high risk.
Pivot: 1.21419
Why we like it:
100% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21059
Why we like it:
61.8% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 1.21952
Why we like it:
161.8% fibonacci extension and 127% fibonacci retracement
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.