Description:
Price is reversing our Pivot point at 1.27125, which is in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 1.26232. It is worth noting that price is trending under the Ichimoku cloud and descending trendline, in line with our bearish view.
Pivot: 1.27125
Why we like it:
61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26232
Why we like it:
88% Fibonacci retracement, 78.6%, 61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 1.27514
Why we like it:
88% Fibonacci retracement, 127% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is reversing our Pivot point at 1.27125, which is in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 1.26232. It is worth noting that price is trending under the Ichimoku cloud and descending trendline, in line with our bearish view.
Pivot: 1.27125
Why we like it:
61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26232
Why we like it:
88% Fibonacci retracement, 78.6%, 61.8% fibonacci extension and horizontal swing low support.
1st Resistance: 1.27514
Why we like it:
88% Fibonacci retracement, 127% 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.