Price has reversed from our Pivot point at 1.21971, in line with 61.8%, 78.6%, 61.8% fibonacci retracement, descending trendline resistance and horizontal overlap, where we could potentially see a push down from our pivot towards our 1st support level at 1.21477, which is in line with 61.8% fibonacci retracement and horizontal swing low support. Please note that price is currently trending under a descending trendline, in line with our bearish analysis.
Pivot: 1.21971
Why we like it:
61.8%, 78.6%, 61.8% fibonacci retracement, descending trendline resistance and horizontal overlap
1st Support: 1.21477
Why we like it:
61.8% fibonacci retracement and horizontal swing low support
1st Resistance: 1.22380
Why we like it:
88.6%, 127% fibonacci retracement and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21971
Why we like it:
61.8%, 78.6%, 61.8% fibonacci retracement, descending trendline resistance and horizontal overlap
1st Support: 1.21477
Why we like it:
61.8% fibonacci retracement and horizontal swing low support
1st Resistance: 1.22380
Why we like it:
88.6%, 127% fibonacci retracement and horizontal swing high 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.