Description:
Price is currently heading towards our Pivot point at 1.28897, which is in line with 78.6% Fibonacci extension and 23.8% Fibonacci retracement. We could potentially see price drop towards our 1st support level at 1.28096. It is worth noting that the Ichimoku cloud and descending trendline are showing bearish pressure.
Pivot: 1.28897
Why we like it:
78.6% Fibonacci extension and 23.8% Fibonacci retracement
1st Support: 1.28096
Why we like it:
-27% and 127% Fibonacci retracement
1st Resistance: 1.29136
Why we like it:
61.8% Fibonacci extension and 38.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price is currently heading towards our Pivot point at 1.28897, which is in line with 78.6% Fibonacci extension and 23.8% Fibonacci retracement. We could potentially see price drop towards our 1st support level at 1.28096. It is worth noting that the Ichimoku cloud and descending trendline are showing bearish pressure.
Pivot: 1.28897
Why we like it:
78.6% Fibonacci extension and 23.8% Fibonacci retracement
1st Support: 1.28096
Why we like it:
-27% and 127% Fibonacci retracement
1st Resistance: 1.29136
Why we like it:
61.8% Fibonacci extension and 38.2% Fibonacci retracement
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.