#EURUSD, H4 is testing our Pivot point, potential for a long.
Price is testing our Pivot point at 1.22152, in line with 61.8% fibonacci retracement,78.6% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22664, which is in line with 127% fibonacci extension and horizontal swing high resistance. Note that price is trending above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.22152
Why we like it:
61.8% fibonacci retracement,78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21716
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and ichimoku cloud support.
1st Resistance: 1.22664
Why we like it:
127% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.22152
Why we like it:
61.8% fibonacci retracement,78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21716
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and ichimoku cloud support.
1st Resistance: 1.22664
Why we like it:
127% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Penafian
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