Description:
Price is approaching our Pivot point at 1.38732, in line with 61.8%, 23.6% fibonacci retracement and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.39613, in line with 78.6% and -61.8% fibonacci retracement and horizontal swing high resistance. Note that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.38732
Why we like it:
61.8%, 23.6% fibonacci retracement and horizontal graphical overlap
1st Support: 1.38123
Why we like it:
78.6% fibonacci retracement, 50% fibonacci extension, Ichimoku cloud support and horizontal swing low
1st Resistance: 1.39613
Why we like it:
78.6% and -61.8% fibonacci retracement and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.38732, in line with 61.8%, 23.6% fibonacci retracement and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.39613, in line with 78.6% and -61.8% fibonacci retracement and horizontal swing high resistance. Note that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 1.38732
Why we like it:
61.8%, 23.6% fibonacci retracement and horizontal graphical overlap
1st Support: 1.38123
Why we like it:
78.6% fibonacci retracement, 50% fibonacci extension, Ichimoku cloud support and horizontal swing low
1st Resistance: 1.39613
Why we like it:
78.6% and -61.8% fibonacci retracement and horizontal 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.