Description
Price is testing our Pivot point at 0.93083, which is in line with 78.6%, -27% and 127% Fibonacci retracement. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.93005, in line with 50%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support. It is worth noting that stochastics is showing bearish pressure at the 96% level where price has previously reversed from, in line with our bearish analysis.
Pivot: 0.93083
Why we like it:
78.6%, -27% and 127% Fibonacci retracement
1st Support: 0.93005
Why we like it:
50%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support
1st Resistance: 0.93868
Why we like it:
161%, -61.8% fibonacci retracement and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 0.93083, which is in line with 78.6%, -27% and 127% Fibonacci retracement. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.93005, in line with 50%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support. It is worth noting that stochastics is showing bearish pressure at the 96% level where price has previously reversed from, in line with our bearish analysis.
Pivot: 0.93083
Why we like it:
78.6%, -27% and 127% Fibonacci retracement
1st Support: 0.93005
Why we like it:
50%, 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal swing low support
1st Resistance: 0.93868
Why we like it:
161%, -61.8% fibonacci retracement and 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.