Description
Price has broken above our pivot level at 1.1302 which is in line with 100% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.15218, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance. Finally, we can expect price to take support at 1.1209, which coincides with 127.2% Fibonacci extension level . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
1.13020
Why we like it:
100% Fibonacci extension levelhorizontal swing low support
1st Support:
1.12090
Why we like it:
127.2% Fibonacci extension level
1st Resistance:
1.15218
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 1.1302 which is in line with 100% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.15218, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance. Finally, we can expect price to take support at 1.1209, which coincides with 127.2% Fibonacci extension level . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
1.13020
Why we like it:
100% Fibonacci extension levelhorizontal swing low support
1st Support:
1.12090
Why we like it:
127.2% Fibonacci extension level
1st Resistance:
1.15218
Why we like it:
50.0% Fibonacci retracement levelhorizontal 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.