Price is reacting below our pivot level at 0.7019 which is in line with 61.8% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal overlap resistance. Price can potentially take support at 0.69417, which is in line with 78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 0.70767, which coincides with 161.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.70190
Why we like it:
61.8% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal overlap resistance
1st Support:
0.69417
78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.70767
161.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
0.70190
Why we like it:
61.8% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal overlap resistance
1st Support:
0.69417
78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.70767
161.8% Fibonacci retracement level, 100% Fibonacci extension 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.