Description
Price is approaching pivot level of 0.71397, which is in line with 50.0% Fibonacci retracement level & horizontal overlap support. A reversal from this level may see price rise to 1st resistance at price 0.72763. This level coincides with 50.0% Fibonacci retracement level and horizontal overlap resistance. Alternatively, we may see price drop to 1st support at 0.7065 in line with the 161.8% Fibonacci retracement level and horizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.71397
Why we like it:
50.0% Fibonacci retracement level and horizontal overlap support
1st Support:
0.70651
Why we like it:
61.8% Fibonacci retracement level and horizontal overlap support
1st Resistance:
0.72763
Why we like it:
50.0% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.71397, which is in line with 50.0% Fibonacci retracement level & horizontal overlap support. A reversal from this level may see price rise to 1st resistance at price 0.72763. This level coincides with 50.0% Fibonacci retracement level and horizontal overlap resistance. Alternatively, we may see price drop to 1st support at 0.7065 in line with the 161.8% Fibonacci retracement level and horizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.71397
Why we like it:
50.0% Fibonacci retracement level and horizontal overlap support
1st Support:
0.70651
Why we like it:
61.8% Fibonacci retracement level and horizontal overlap support
1st Resistance:
0.72763
Why we like it:
50.0% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.