#EURUSD, H4 bounced from our pivot, potential for rise
Price has bounced from our Pivot point at 1.21004, in line with 127% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap, where we could potentially see a push up from our pivot towards our 1st resistance level at 1.21561, which is in line with 61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 1.21004
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap
1st Support: 1.20722
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci retracement and horizontal swing low support
1st Resistance: 1.21561
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Pivot: 1.21004
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap
1st Support: 1.20722
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci retracement and horizontal swing low support
1st Resistance: 1.21561
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
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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.