Description:
Price is approaching our Pivot point at 1.33893, which is in line with our 38.2% and 61.8% Fibonacci retracement. We could potentially see price drop from this level, towards our 1st support level at 1.32552 in line with 88% fibonacci retracement, 76.4% fibonacci extension and horizontal swing low support. It is worth noting that MACD is under the 0 line, and price is trending below the Ichimoku cloud as well as the descending trendline, showing bullish pressure in line with our analysis.
Pivot: 1.33893
Why we like it:
38.2% and 61.8% Fibonacci retracement
1st Support: 1.32552
Why we like it:
88% fibonacci retracement, 76.4% fibonacci extension and horizontal swing low support
1st Resistance: 1.34513
Why we like it:
88% fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.33893, which is in line with our 38.2% and 61.8% Fibonacci retracement. We could potentially see price drop from this level, towards our 1st support level at 1.32552 in line with 88% fibonacci retracement, 76.4% fibonacci extension and horizontal swing low support. It is worth noting that MACD is under the 0 line, and price is trending below the Ichimoku cloud as well as the descending trendline, showing bullish pressure in line with our analysis.
Pivot: 1.33893
Why we like it:
38.2% and 61.8% Fibonacci retracement
1st Support: 1.32552
Why we like it:
88% fibonacci retracement, 76.4% fibonacci extension and horizontal swing low support
1st Resistance: 1.34513
Why we like it:
88% fibonacci retracement, 78.6% 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.