Description:
Price is facing bearish pressure with MACD under 0 line. We could see a medium-probability bearish scenario, with a bearish breakout from our pivot at 0.77046 towards 1st support at 0.76708. Otherwise, failure to hold below pivot could see price swing higher towards 1st resistance at 0.77334.
Pivot: 0.77046
Supporting Points:
50%, 78.6% Fibonacci retracement, 127% Fibonacci extension and graphical overlap resistance
1st Support: 0.76708
Supporting Points:
127%, 161.8% fibonacci retracement, 88% Fibonacci extension and graphical swing low support
1st Resistance: 0.77334
Supporting Points:
38.2%, 88% fibonacci retracement and horizontal graphical overlap resistance
Trading FX & CFDs carries high risk.
Price is facing bearish pressure with MACD under 0 line. We could see a medium-probability bearish scenario, with a bearish breakout from our pivot at 0.77046 towards 1st support at 0.76708. Otherwise, failure to hold below pivot could see price swing higher towards 1st resistance at 0.77334.
Pivot: 0.77046
Supporting Points:
50%, 78.6% Fibonacci retracement, 127% Fibonacci extension and graphical overlap resistance
1st Support: 0.76708
Supporting Points:
127%, 161.8% fibonacci retracement, 88% Fibonacci extension and graphical swing low support
1st Resistance: 0.77334
Supporting Points:
38.2%, 88% fibonacci retracement and horizontal graphical overlap 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.