Description
Price is reacting below key pivot level of 1.24871 where we have 78.6% Fibonacci extension level & horizontal swing high resistance lining up. A drop below this level might see price take support at 1.22524, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.2654, which coincides with 161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing high resistance. This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1.24871
Why we like it:
78.6% Fibonacci extension level & horizontal swing high resistance
1st Support:
1.22524
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
1.26540
161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is reacting below key pivot level of 1.24871 where we have 78.6% Fibonacci extension level & horizontal swing high resistance lining up. A drop below this level might see price take support at 1.22524, which is in line with 78.6% Fibonacci retracement level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.2654, which coincides with 161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & horizontal swing high resistance. This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1.24871
Why we like it:
78.6% Fibonacci extension level & horizontal swing high resistance
1st Support:
1.22524
78.6% Fibonacci retracement level & horizontal swing low support
1st Resistance:
1.26540
161.8% Fibonacci retracement level, 127.2% Fibonacci extension level & 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.