Price is approaching pivot point at 1.24444 which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support. A break and close below this level could see a price swing towards 1st support at 1.23661.This level is in line with 100% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.24997, which coincides with 38.2% Fibonacci retracement level & horizontal swing high resistance . This is further supported by
Pivot:
1.24444
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support
1st Support:
1.23661
100% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
1.24997
38.2% Fibonacci retracement level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
1.24444
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support
1st Support:
1.23661
100% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
1.24997
38.2% 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.