Price is approaching pivot level of 1.37398 where we have 100% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal swing high resistance lining up. A reversal from this level might see price take support at 1.35779, which is in line with 50.0% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 1.38421, which coincides with 61.8% Fibonacci retracement level horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.37398
Why we like it:
100% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal swing high resistance
1st Support:
1.35779
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.38421
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
1.37398
Why we like it:
100% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal swing high resistance
1st Support:
1.35779
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.38421
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap 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.