Price is reacting below our pivot level at 1795.12 which is in line with 61.8% Fibonacci retracement level & horizontal swing high resistance. Price can potentially take support at 1773.75, which is in line with 78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 1803.98, which coincides with 61.8% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal swing high resistance . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
1,795.12000
Why we like it:
61.8% Fibonacci retracement level & horizontal swing high resistance
1st Support:
1,773.75000
Why we like it:
78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
1,803.98
Why we like it:
61.8% Fibonacci extension level, 78.6% Fibonacci retracement level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
1,795.12000
Why we like it:
61.8% Fibonacci retracement level & horizontal swing high resistance
1st Support:
1,773.75000
Why we like it:
78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
1,803.98
Why we like it:
61.8% Fibonacci extension level, 78.6% Fibonacci retracement level & 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.