Description
Price is approaching pivot level of 0.93104 where we have 78.6% Fibonacci retracement levelhorizontal swing high resistance lining up. A reversal from this level might see price take support at 0.92347, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.93568, which coincides with horizontal swing high resistance . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.93104
Why we like it:
78.6% Fibonacci retracement levelhorizontal swing high resistance
1st Support:
0.92347
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93568
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.93104 where we have 78.6% Fibonacci retracement levelhorizontal swing high resistance lining up. A reversal from this level might see price take support at 0.92347, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.93568, which coincides with horizontal swing high resistance . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.93104
Why we like it:
78.6% Fibonacci retracement levelhorizontal swing high resistance
1st Support:
0.92347
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93568
Why we like it:
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.