Description
Price is approaching our Pivot point at 0.90576, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and moving average resistance. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89754, in line with the -27% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low. It is worth noting that the price is under the moving average, in line with our bearish view.
Pivot: 0.90576
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and moving average resistance
1st Support: 0.89754
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low
1st Resistance: 0.91085
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 0.90576, which is in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and moving average resistance. We could potentially see price drop from our Pivot point towards our 1st Support level at 0.89754, in line with the -27% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low. It is worth noting that the price is under the moving average, in line with our bearish view.
Pivot: 0.90576
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and moving average resistance
1st Support: 0.89754
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci extension and horizontal swing low
1st Resistance: 0.91085
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
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.