Price has broken above our pivot level at 0.69186 which is in line with , 100% Fibonacci extension level & horizontal swing low support . We could potentially see a further rise from here towards 0.70758, which coincides with 50.0% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap resistance. Finally, we can expect price to take support at 0.68606, which coincides with & horizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.69186
Why we like it:
100% Fibonacci extension level & horizontal swing low support
1st Support:
0.68606
& horizontal overlap support
1st Resistance:
0.70758
50.0% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
0.69186
Why we like it:
100% Fibonacci extension level & horizontal swing low support
1st Support:
0.68606
& horizontal overlap support
1st Resistance:
0.70758
50.0% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal 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.