Price is approaching pivot level of 1.2531, which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support. A reversal from this level may see price take resistance at price 1.26539. This level coincides with -27.2%Fibonacci retracement level, 78.6% Fibonacci extension level. Finally, we can expect price to take support at 1.2474278.6% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing low support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
1.25310
Why we like it:
78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support
1st Support:
1.24742
78.6% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.26539
-27.2%Fibonacci retracement level, 78.6% Fibonacci extension level
Trading FX & CFDs carries high risk.
Pivot:
1.25310
Why we like it:
78.6% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support
1st Support:
1.24742
78.6% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.26539
-27.2%Fibonacci retracement level, 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.