Description:
Price is currently at our pivot 0.77093, a fibonacci confluence area. We could see a medium-probability bearish scenario, with 1st support at 0.76823 as a potential target . Otherwise, failure to hold below pivot could see price swing higher towards 1st resistance at 0.77268.
Pivot: 0.77093
Supporting Points:
78.6%, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 0.76823
Supporting Points:
78.6%, 161.8% fibonacci retracement, 127%, 127%, Fibonacci extension and horizontal graphical overlap
1st Resistance: 0.77268
Supporting Points:
88% and -61.8% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is currently at our pivot 0.77093, a fibonacci confluence area. We could see a medium-probability bearish scenario, with 1st support at 0.76823 as a potential target . Otherwise, failure to hold below pivot could see price swing higher towards 1st resistance at 0.77268.
Pivot: 0.77093
Supporting Points:
78.6%, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 0.76823
Supporting Points:
78.6%, 161.8% fibonacci retracement, 127%, 127%, Fibonacci extension and horizontal graphical overlap
1st Resistance: 0.77268
Supporting Points:
88% and -61.8% fibonacci retracement
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.