Description
Price has broken above our pivot level at 1.14331 which is in line with 100% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.14386, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance. Finally, we can expect price to take support at 1.13845, which coincides with 127.2% Fibonacci extension level, 127.2% Fibonacci extension level . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.14331
Why we like it:
100% Fibonacci extension levelhorizontal swing low support
1st Support:
1.13845
Why we like it:
127.2% Fibonacci extension level, 127.2% Fibonacci extension level
1st Resistance:
1.14386
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 1.14331 which is in line with 100% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.14386, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance. Finally, we can expect price to take support at 1.13845, which coincides with 127.2% Fibonacci extension level, 127.2% Fibonacci extension level . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.14331
Why we like it:
100% Fibonacci extension levelhorizontal swing low support
1st Support:
1.13845
Why we like it:
127.2% Fibonacci extension level, 127.2% Fibonacci extension level
1st Resistance:
1.14386
Why we like it:
50.0% Fibonacci retracement levelhorizontal 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.