Description
Price has broken above our pivot level at 0.91869 which is in line with 78.6% Fibonacci retracement level and horizontal swing low support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Alternatively, we may see price drop to 1st support at 0.91049, which coincides with horizontal swing low support . This is further supported by how price is testing the support of the stochastics indicator.
Pivot:
0.91869
Why we like it:
78.6% Fibonacci retracement level and horizontal swing low support
1st Support:
0.91049
Why we like it:
Horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 0.91869 which is in line with 78.6% Fibonacci retracement level and horizontal swing low support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Alternatively, we may see price drop to 1st support at 0.91049, which coincides with horizontal swing low support . This is further supported by how price is testing the support of the stochastics indicator.
Pivot:
0.91869
Why we like it:
78.6% Fibonacci retracement level and horizontal swing low support
1st Support:
0.91049
Why we like it:
Horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level and horizontal swing high 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.