Description:
Price is testing our pivot at 0.75926, a fibonacci level and where the moving average is. We could see a low-probability bullish scenario, with 1st resistance at 0.76258 as a potential target . Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.75575.
Pivot: 0.75926
Supporting Points:
78.6% Fibonacci retracement, 78.6% Fibonacci extension and moving average cross.
1st Support: 0.75575
Supporting Points:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Resistance: 0.76258
Supporting Points:
161.8% Fibonacci retracement, 61.8% fibonacci extension and Horizontal swing high resistance.
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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.