Price is approaching pivot level of 1.38174 where we have 127.2% Fibonacci retracement level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 1.37207, which is in line with 23.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 1.38901, which coincides with -27.2% Fibonacci retracement levelhorizontal swing high resistance & 100% Fibonacci extension level . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1.38174
Why we like it:
127.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
1.37207
Why we like it:
23.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap support
1st Resistance:
1.38901
Why we like it:
-27.2% Fibonacci retracement level horizontal swing high resistance & 100% Fibonacci extension level
Trading FX & CFDs carries high risk.
Pivot:
1.38174
Why we like it:
127.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
1.37207
Why we like it:
23.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap support
1st Resistance:
1.38901
Why we like it:
-27.2% Fibonacci retracement level horizontal swing high resistance & 100% 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.