Description:
Price has broken beneath our Pivot point at 1.23000, which is in line with 61.8% fibonacci retracement and 100% fibonacci extension. We could potentially see price drop here towards our 1st support level at 1.22242, in line with -27% fibonacci retracement and 61.8% fibonacci extension. It is worth noting that price is under the descending trendline, in line with our bearish analysis.
Pivot: 1.23000
Why we like it:
61.8% fibonacci retracement and 100% fibonacci extension
1st Support: 1.22242
Why we like it:
-27% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 1.23423
Why we like it:
50%, 127% fibonacci retracement and descending trendline resistance.
Trading FX & CFDs carries high risk.
Price has broken beneath our Pivot point at 1.23000, which is in line with 61.8% fibonacci retracement and 100% fibonacci extension. We could potentially see price drop here towards our 1st support level at 1.22242, in line with -27% fibonacci retracement and 61.8% fibonacci extension. It is worth noting that price is under the descending trendline, in line with our bearish analysis.
Pivot: 1.23000
Why we like it:
61.8% fibonacci retracement and 100% fibonacci extension
1st Support: 1.22242
Why we like it:
-27% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 1.23423
Why we like it:
50%, 127% fibonacci retracement and descending trendline 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.