Description
Price is approaching pivot level of 0.73954 where we have 161.8% Fibonacci extension levelhorizontal overlap resistance lining up. A reversal from this level might see price take support at 0.7328, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.7425, which coincides with 161.8% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the Stochastic support level . Bearish Reversal
Pivot:
0.73954
Why we like it:
161.8% Fibonacci extension levelhorizontal overlap resistance
1st Support:
0.73280
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.74250
Why we like it:
161.8% Fibonacci extension levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.73954 where we have 161.8% Fibonacci extension levelhorizontal overlap resistance lining up. A reversal from this level might see price take support at 0.7328, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.7425, which coincides with 161.8% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the Stochastic support level . Bearish Reversal
Pivot:
0.73954
Why we like it:
161.8% Fibonacci extension levelhorizontal overlap resistance
1st Support:
0.73280
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.74250
Why we like it:
161.8% Fibonacci extension levelhorizontal 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.