Description:
Price is reversing towards our pivot at 0.76024, a fibonacci level as well as horizontal graphical overlap area. We could see a low-probability bullish scenario, with 1st resistance at 0.76245 as a potential target . Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.75859.
Pivot: 0.76024
Supporting Points:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical area.
1st Support: 0.75859
Supporting Points:
127%, 78.6% fibonacci retracement and horizontal graphical area.
1st Resistance: 0.76245
Supporting Points:
-27%, 161.8%, 127% Fibonacci retracement, and Horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is reversing towards our pivot at 0.76024, a fibonacci level as well as horizontal graphical overlap area. We could see a low-probability bullish scenario, with 1st resistance at 0.76245 as a potential target . Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.75859.
Pivot: 0.76024
Supporting Points:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical area.
1st Support: 0.75859
Supporting Points:
127%, 78.6% fibonacci retracement and horizontal graphical area.
1st Resistance: 0.76245
Supporting Points:
-27%, 161.8%, 127% Fibonacci retracement, and Horizontal 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.