#EURUSD approaching pivot, potential for a rise!
Description
Price is at our pivot area at 0.90921 which is in line with 100% Fibonacci projection level and horizontal swing low support . With price at the support of the stochastics indicator, We could potentially see a further rise from here towards 0.91497, which coincides with 38.2% Fibonacci retracement level and horizontal overlap resistance. Alternatively, we may see price break picot structure and drop to 1st support at 0.90547, which coincides with 127.2% Fibonacci extension level .
Pivot:
0.90921
Why we like it:
100% Fibonacci projectionextension level and horizontal swing low support
1st Support:
0.90547
Why we like it:
127.2% Fibonacci extension level
1st Resistance:
0.91497
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is at our pivot area at 0.90921 which is in line with 100% Fibonacci projection level and horizontal swing low support . With price at the support of the stochastics indicator, We could potentially see a further rise from here towards 0.91497, which coincides with 38.2% Fibonacci retracement level and horizontal overlap resistance. Alternatively, we may see price break picot structure and drop to 1st support at 0.90547, which coincides with 127.2% Fibonacci extension level .
Pivot:
0.90921
Why we like it:
100% Fibonacci projectionextension level and horizontal swing low support
1st Support:
0.90547
Why we like it:
127.2% Fibonacci extension level
1st Resistance:
0.91497
Why we like it:
38.2% Fibonacci retracement level and 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.