Price is reacting below our pivot level at 1.33425 which is in line with 100% Fibonacci extension level & horizontal overlap resistance. Price can potentially take support at 1.32081, which is in line with 38.2% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support. Alternatively, price may rise up to our resistance at 1.34459, which coincides with 78.6% Fibonacci extension level, 23.6% Fibonacci retracement level & horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.33425
Why we like it:
100% Fibonacci extension level & horizontal overlap resistance
1st Support:
1.32081
38.2% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance:
1.34459
78.6% Fibonacci extension level, 23.6% Fibonacci retracement level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
1.33425
Why we like it:
100% Fibonacci extension level & horizontal overlap resistance
1st Support:
1.32081
38.2% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance:
1.34459
78.6% Fibonacci extension level, 23.6% Fibonacci retracement level & 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.