Price is approaching pivot level at 1.37725 which is in line with 61.8% Fibonacci retracement level , 78.6% Fibonacci extension and descending trendline resistance. Price may potentially drop to support at 1.36020 which is in-line with 100% Fibonacci retracement , 78.6% Fibonacci extension level and swing low support. Stochastic is also indicating negative divergence for possible drop.
Alternatively, price may swing towards resistance at 1.38190 which is in line with 78.6% Fibonacci retracement and 100% Fibonacci extension level.
Pivot:
1.37725
Why we like it:
61.8% Fibonacci retracement level , 78.6% Fibonacci extension and descending trendline resistance
1st Support:
1.36020
100% Fibonacci retracement , 78.6% Fibonacci extension level and swing low support
1st Resistance:
1.38190
78.6% Fibonacci retracement and 100% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may swing towards resistance at 1.38190 which is in line with 78.6% Fibonacci retracement and 100% Fibonacci extension level.
Pivot:
1.37725
Why we like it:
61.8% Fibonacci retracement level , 78.6% Fibonacci extension and descending trendline resistance
1st Support:
1.36020
100% Fibonacci retracement , 78.6% Fibonacci extension level and swing low support
1st Resistance:
1.38190
78.6% Fibonacci retracement and 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.