Price is approaching pivot level at 1.37015 which is in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension and horizontal overlap resistance. Price may potentially drop to support at 1.36017 which is in-line with 100% Fibonacci retracement, 78.6% Fibonacci extension level and horizontal overlap support. MACD is also indicating bearish momentum for further downside.
Alternatively, price may swing towards resistance at 1.37730 which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension level.
Pivot:
1.37015
Why we like it:
23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap resistance
1st Support:
1.36017
100% Fibonacci retracement, 78.6% Fibonacci extension level and horizontal overlap support
1st Resistance:
1.37730
61.8% Fibonacci retracement and 78.6% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may swing towards resistance at 1.37730 which is in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension level.
Pivot:
1.37015
Why we like it:
23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap resistance
1st Support:
1.36017
100% Fibonacci retracement, 78.6% Fibonacci extension level and horizontal overlap support
1st Resistance:
1.37730
61.8% Fibonacci retracement and 78.6% Fibonacci extension level
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.