Description
Price is approaching pivot level of 1.38228 where we have 38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap resistance lining up. A reversal from this level might see price take support at 1.37444, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.38686, which coincides with 78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is holding below the EMA
Pivot:
1.38228
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap resistance
1st Support:
1.3744
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
1.38686
78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 1.38228 where we have 38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap resistance lining up. A reversal from this level might see price take support at 1.37444, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.38686, which coincides with 78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is holding below the EMA
Pivot:
1.38228
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap resistance
1st Support:
1.3744
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
1.38686
78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & 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.