Description
Price has broken above our pivot level at 1.25712 which is in line with 78.6% Fibonacci retracement level & horizontal swing low support . We could potentially see a further rise from here towards 1.25052, which coincides with 161.8% Fibonacci retracement level. Finally, we can expect price to take support at 1.27212, which coincides with 100% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to reverse off the RSI resistance level.
Pivot:
1.25712
Why we like it:
78.6% Fibonacci retracement level & horizontal swing low support
1st Support:
1.27212
Why we like it:
100% Fibonacci extension levelhorizontal overlap resistance
1st Resistance:
1.25052
Why we like it:
161.8% Fibonacci retracement level
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 1.25712 which is in line with 78.6% Fibonacci retracement level & horizontal swing low support . We could potentially see a further rise from here towards 1.25052, which coincides with 161.8% Fibonacci retracement level. Finally, we can expect price to take support at 1.27212, which coincides with 100% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to reverse off the RSI resistance level.
Pivot:
1.25712
Why we like it:
78.6% Fibonacci retracement level & horizontal swing low support
1st Support:
1.27212
Why we like it:
100% Fibonacci extension levelhorizontal overlap resistance
1st Resistance:
1.25052
Why we like it:
161.8% Fibonacci retracement level
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.