EURUSD is approaching our Pivot point. Potential for a rise
Price is approaching our Pivot point at 1.20876, which is in line with our 38.2% Fibonacci Retracement and horizontal overlap support. We could potentially see price rise towards our 1st resistance level at 1.22180. It is worth noting that the Ichimoku cloud and MACD are showing bullish pressure in line with our analysis. 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.