Description:
Price is bouncing from our Pivot point at 103.238 which is in line with our 50% Fibonacci retracement and Horizontal graphical support level. We could potentially see price rise towards our 1st resistance level at 103.698, in line with 61.8%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area. It is worth noting that price is making a short-term pull-back to the EMA(55) of a larger bearish move.
Pivot: 103.238
Why we like it:
50% Fibonacci retracement and Horizontal graphical support level
1st Support: 102.962
Why we like it:
61.8% fibonacci extension and 88% Fibonacci retracement
1st Resistance: 103.698
Why we like it:
61.8%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 103.238 which is in line with our 50% Fibonacci retracement and Horizontal graphical support level. We could potentially see price rise towards our 1st resistance level at 103.698, in line with 61.8%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area. It is worth noting that price is making a short-term pull-back to the EMA(55) of a larger bearish move.
Pivot: 103.238
Why we like it:
50% Fibonacci retracement and Horizontal graphical support level
1st Support: 102.962
Why we like it:
61.8% fibonacci extension and 88% Fibonacci retracement
1st Resistance: 103.698
Why we like it:
61.8%, 78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical area
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.