Description:
Price is facing bullish pressure as it holds above both the ascending trendline and EMA (34). We could see a medium-probability bullish scenario, with price bouncing from our pivot at 0.77549 towards 1st resistance at 0.77815. Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.76870.
Pivot: 0.77549
Supporting Points:
23.6% Fibonacci extension and graphical pullback support
1st Support: 0.77301
Supporting Points:
61.8% Fibonacci extension, 50% Fibonacci retracement and graphical swing low support
1st Resistance: 0.77985
Supporting Points:
61.8% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is facing bullish pressure as it holds above both the ascending trendline and EMA (34). We could see a medium-probability bullish scenario, with price bouncing from our pivot at 0.77549 towards 1st resistance at 0.77815. Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.76870.
Pivot: 0.77549
Supporting Points:
23.6% Fibonacci extension and graphical pullback support
1st Support: 0.77301
Supporting Points:
61.8% Fibonacci extension, 50% Fibonacci retracement and graphical swing low support
1st Resistance: 0.77985
Supporting Points:
61.8% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.