Description:
Price is testing our Pivot point at 1.27340, which is in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap. We could potentially see a bearish breakout towards our 1st support level at 1.26682. It is worth noting that price is trending under a descending trendline, and Stochastics (13,5,3) is showing bearish pressure where price has reversed from the 88% previously.
Pivot: 1.27340
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26682
Why we like it:
61.8% Fibonacci extension, 78.6% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
61.8%, 88% fibonacci extension, descending trendline resistance and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is testing our Pivot point at 1.27340, which is in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap. We could potentially see a bearish breakout towards our 1st support level at 1.26682. It is worth noting that price is trending under a descending trendline, and Stochastics (13,5,3) is showing bearish pressure where price has reversed from the 88% previously.
Pivot: 1.27340
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.26682
Why we like it:
61.8% Fibonacci extension, 78.6% fibonacci retracement and horizontal swing low support.
1st Resistance: 1.27673
Why we like it:
61.8%, 88% fibonacci extension, descending trendline resistance and horizontal graphical 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.