Price is reversing from our Pivot point at 1.21817, in line with 50% fibonacci retracement, 61.8% fibonacci extension and horizontal overlap resistance, where we could potentially see a further drop from our pivot towards our 1st support level at 1.21212, which is in line with 61.8% fibonacci extension, 78.6% fibonacci retracement and horizontal swing low support. Please note that price is currently trending under the trendline support-turned-resistance in line with our bearish view.
Pivot: 1.21817
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal overlap resistance.
1st Support: 1.21212
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support.
1st Resistance: 1.22193
Why we like it:
76.4%, 88.0% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21817
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension and horizontal overlap resistance.
1st Support: 1.21212
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing low support.
1st Resistance: 1.22193
Why we like it:
76.4%, 88.0% fibonacci extension 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.