Description
Price is reacting below key pivot level of 0.93008 where we have 161.8% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support lining up. A drop below this level might see price take support at 0.91427, which is in line with 161.8% Fibonacci extension level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 0.94205, which coincides with 100% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.93008
Why we like it:
161.8% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support
1st Support:
0.91427
161.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.94205
100% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is reacting below key pivot level of 0.93008 where we have 161.8% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support lining up. A drop below this level might see price take support at 0.91427, which is in line with 161.8% Fibonacci extension level & horizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 0.94205, which coincides with 100% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.93008
Why we like it:
161.8% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support
1st Support:
0.91427
161.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.94205
100% Fibonacci extension level & 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.