Description:
Price is testing our pivot at 0.78449, in line with 61.8%, 127 fibonacci retracement and horizontal graphical overlap. Where we could see a drop under this level towards the 1st support. Otherwise, a break above this level may see price swing towards 1st resistance. Do note that price is trending under the moving average and MACD is under the 0 line, in line with our bearish analysis.
Pivot: 0.78449
Supporting Points:
61.8%, 127 fibonacci retracement and horizontal graphical overlap
1st Support: 0.77688
Supporting Points:
88% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.80042
Supporting Points:
38.2%, 200% Fibonacci retracement and horizontal graphical overlap.
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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.