Description:
Price is breaking beneath our Pivot point at 1.20605, which is in line with 61.8%, -27% fibonacci retracement and horizontal graphical overlap. We could potentially see a price drop here towards our 1st support level at 1.19815, in line with 127% fibonacci extension. It is worth noting that the price is under theIchimoku cloud resistance and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 1.20605
Why we like it:
61.8%, -27% fibonacci retracement and horizontal graphical overlap
1st Support: 1.19815
Why we like it:
127% fibonacci extension
1st Resistance: 1.21412
Why we like it:
61.8% fibonacci retracement and Ichimoku cloud resistance.
Trading FX & CFDs carries high risk.
Price is breaking beneath our Pivot point at 1.20605, which is in line with 61.8%, -27% fibonacci retracement and horizontal graphical overlap. We could potentially see a price drop here towards our 1st support level at 1.19815, in line with 127% fibonacci extension. It is worth noting that the price is under theIchimoku cloud resistance and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 1.20605
Why we like it:
61.8%, -27% fibonacci retracement and horizontal graphical overlap
1st Support: 1.19815
Why we like it:
127% fibonacci extension
1st Resistance: 1.21412
Why we like it:
61.8% fibonacci retracement and Ichimoku cloud 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.