Description
Price is reacting below our pivot level at 0.74007 which is in line with 61.8% Fibonacci retracement level, 78.6% Fibonacci retracement level & horizontal overlap resistance. Price can potentially take support at 0.73127, which is in line with 78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 0.74422, which coincides with 50.0% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap resistance . This is further supported by how price is holding below the EMA
Pivot:
0.74007
Why we like it:
61.8% Fibonacci retracement level, 78.6% Fibonacci retracement level & horizontal overlap resistance
1st Support:
0.73127
78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.74422
50.0% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap resistance
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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.