Price has broken above our pivot level at 114.178 which is in line with 78.6% Fibonacci extension level, 38.2% Fibonacci retracement level & horizontal overlap resistance . We could potentially see a further rise from here towards 114.946, which coincides with & horizontal swing high resistance. Finally, we can expect price to take support at 113.754, which coincides with 100% Fibonacci extension level, 38.2% Fibonacci retracement level & horizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
114.178
Why we like it:
78.6% Fibonacci extension level, 38.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
113.754
Why we like it:
100% Fibonacci extension level, 38.2% Fibonacci retracement level & horizontal overlap support
1st Resistance:
114.946
Why we like it:
& horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
114.178
Why we like it:
78.6% Fibonacci extension level, 38.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
113.754
Why we like it:
100% Fibonacci extension level, 38.2% Fibonacci retracement level & horizontal overlap support
1st Resistance:
114.946
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.