Price is facing bullish pressure as it continues to hold above the Ichimoku cloud in line with our analysis. We expect a medium probability bullish rise from our pivot towards our 1st resistance at 1.21456. Otherwise, a break below the pivot should see price swing towards 1st support at 1.21293.
Pivot: 1.21456
Supporting Points:
61.8% Fibonacci retracement, 50% Fibonacci extension and graphical swing low support
1st Support: 1.21293
Supporting Points:
61.8% Fibonacci retracement, 78.6% Fibonacci extension and graphical pullback support
1st Resistance: 1.21800
Supporting Points:
50%, 127.2% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21456
Supporting Points:
61.8% Fibonacci retracement, 50% Fibonacci extension and graphical swing low support
1st Support: 1.21293
Supporting Points:
61.8% Fibonacci retracement, 78.6% Fibonacci extension and graphical pullback support
1st Resistance: 1.21800
Supporting Points:
50%, 127.2% Fibonacci extension and 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.