Description:
Price is approaching our Pivot point at 1.27258, which is in line with 61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension, descending trendline resistance and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 1.25001, a fibonacci confluence. It is worth noting that price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1.27258
Why we like it:
61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 1.25001
Why we like it:
88%, -61.8% Fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 1.28373
Why we like it:
88%, 161.8% Fibonacci retracement and horizontal swing high.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.27258, which is in line with 61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension, descending trendline resistance and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 1.25001, a fibonacci confluence. It is worth noting that price is trending under the descending trendline, in line with our bearish analysis.
Pivot: 1.27258
Why we like it:
61.8%, 78.6% Fibonacci retracement, 88% fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 1.25001
Why we like it:
88%, -61.8% Fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 1.28373
Why we like it:
88%, 161.8% Fibonacci retracement and horizontal swing high.
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.