Description:
Price is approaching our pivot of 1.21340, in line with our 61.8% Fibonacci extension and graphical swing low support. A rise from our pivot towards 1st resistance at 1.22192 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.20901. It's noteworthy that the Stochastic indicator is approaching the support level at 5.06%.
Pivot: 1.21340
Supporting Points:
61.8% Fibonacci extension and graphical swing low support
1st Support: 1.20901
Supporting Points:
161.8% Fibonacci retracement and 61.8% Fibonacci extension
1st Resistance: 1.22192
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching our pivot of 1.21340, in line with our 61.8% Fibonacci extension and graphical swing low support. A rise from our pivot towards 1st resistance at 1.22192 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.20901. It's noteworthy that the Stochastic indicator is approaching the support level at 5.06%.
Pivot: 1.21340
Supporting Points:
61.8% Fibonacci extension and graphical swing low support
1st Support: 1.20901
Supporting Points:
161.8% Fibonacci retracement and 61.8% Fibonacci extension
1st Resistance: 1.22192
Supporting Points:
Graphical swing high 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.