Description:
Price is approaching our Pivot point at 1.26285, which is in line with 61.8% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical area. We could potentially see price drop here towards our 1st support level at 1.24218, a fibonacci confluence. It is worth noting that price is trending beneath a descending trendline, in line with our bearish analysis.
Pivot: 1.26285
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical area
1st Support: 1.24212
Why we like it:
78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing low.
1st Resistance: 1.27003
Why we like it:
-27% Fibonacci retracement, 200% fibonacci extension and horizontal graphical swing high.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.26285, which is in line with 61.8% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical area. We could potentially see price drop here towards our 1st support level at 1.24218, a fibonacci confluence. It is worth noting that price is trending beneath a descending trendline, in line with our bearish analysis.
Pivot: 1.26285
Why we like it:
61.8% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical area
1st Support: 1.24212
Why we like it:
78.6% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing low.
1st Resistance: 1.27003
Why we like it:
-27% Fibonacci retracement, 200% fibonacci extension and horizontal graphical 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.