Description
Price is reacting below the key pivot level of 0.76092 where we have 78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap support lining up. A drop below this level might see price take support at 0.75423, which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.76486, which coincides with 127.2% Fibonacci extension level & horizontal overlap resistance . This is further supported by how MACD is holding below the 0 line.
Pivot: 0.760920
Why we like it:
78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal graphical overlap
1st Support: 0.754230
Why we like it:
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance: 0.764860
Why we like it:
127.2% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is reacting below the key pivot level of 0.76092 where we have 78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap support lining up. A drop below this level might see price take support at 0.75423, which is in line with 61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.76486, which coincides with 127.2% Fibonacci extension level & horizontal overlap resistance . This is further supported by how MACD is holding below the 0 line.
Pivot: 0.760920
Why we like it:
78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal graphical overlap
1st Support: 0.754230
Why we like it:
61.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal overlap support
1st Resistance: 0.764860
Why we like it:
127.2% Fibonacci extension level & 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.