Euro / U.S. DollarShort
EURUSD, H4 reversed from our Pivot point, potential for a short
Price has reversed from our Pivot point at 1.17666, in line with 61.8% Fibonacci retracement, 127% fibonacci extension and horizontal graphical area, where we could potentially see a drop from our pivot towards our 1st support level at 1.16817, which is in line with -27% fibonacci retracement and 78.6% fibonacci extension. Note that price is under the ichimoku cloud, in line with our bearish analysis.
Pivot: 1.17666
Why we like it:
61.8% Fibonacci retracement, 127% fibonacci extension and horizontal graphical area
1st Support: 1.16817
Why we like it:
-27% fibonacci retracement and 78.6% fibonacci extension
1st Resistance: 1.18050
Why we like it:
38.2%, 61.8% fibonacci retracement and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Pivot: 1.17666
Why we like it:
61.8% Fibonacci retracement, 127% fibonacci extension and horizontal graphical area
1st Support: 1.16817
Why we like it:
-27% fibonacci retracement and 78.6% fibonacci extension
1st Resistance: 1.18050
Why we like it:
38.2%, 61.8% fibonacci retracement and horizontal graphical overlap
Trading FX & CFDs carries high risk.
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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.