Price is approaching pivot level of 1766.89 where we have 38.2% Fibonacci retracement level & horizontal overlap resistance lining up. A reversal from this level might see price take support at 1746.1, which is in line with 61.8% Fibonacci retracement level, 50.0% Fibonacci extension level & horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 1787, which coincides with 127.2% Fibonacci extension level, 50.0% Fibonacci retracement level & horizontal overlap resistance . This is further supported by how price is likely to reverse off the RSI resistance level.
Pivot:
1,766.89
Why we like it:
38.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
1,746.100
Why we like it:
61.8% Fibonacci retracement level, 50.0% Fibonacci extension level & horizontal overlap support
1st Resistance:
1,787.000
Why we like it:
127.2% Fibonacci extension level, 50.0% Fibonacci retracement level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
1,766.89
Why we like it:
38.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
1,746.100
Why we like it:
61.8% Fibonacci retracement level, 50.0% Fibonacci extension level & horizontal overlap support
1st Resistance:
1,787.000
Why we like it:
127.2% Fibonacci extension level, 50.0% Fibonacci retracement level & horizontal overlap 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.