Description:
Price is approaching our Pivot point at 1.27703, which is in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap area. We could potentially see price drop towards our 1st support level at 1.26668. It is worth noting that price is trending under the EMA(34) and Stochastics (21,5,3) is showing bearish pressure in line with our analysis.
Pivot: 1.27703
Why we like it:
50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap area
1st Support: 1.26668
Why we like it:
100% Fibonacci extension
1st Resistance: 1.28327
Why we like it:
88% Fibonacci retracement, 200% Fibonacci extension and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 1.27703, which is in line with 50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap area. We could potentially see price drop towards our 1st support level at 1.26668. It is worth noting that price is trending under the EMA(34) and Stochastics (21,5,3) is showing bearish pressure in line with our analysis.
Pivot: 1.27703
Why we like it:
50% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap area
1st Support: 1.26668
Why we like it:
100% Fibonacci extension
1st Resistance: 1.28327
Why we like it:
88% Fibonacci retracement, 200% Fibonacci extension 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.