#EURUSD, H4 is testing our Pivot point, potential for a long.
Price is testing our Pivot point at 1.22152, in line with 61.8% fibonacci retracement,78.6% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22664, which is in line with 127% fibonacci extension and horizontal swing high resistance. Note that price is trending above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.22152
Why we like it:
61.8% fibonacci retracement,78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21716
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and ichimoku cloud support.
1st Resistance: 1.22664
Why we like it:
127% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.22152
Why we like it:
61.8% fibonacci retracement,78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21716
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and ichimoku cloud support.
1st Resistance: 1.22664
Why we like it:
127% fibonacci extension and horizontal swing high resistance
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.