#EURUSD, H4 is bouncing from our Pivot point, potential for a lo
Price is bouncing from our Pivot point at 1.22092, in line with 23.6% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22657, which is in line with 161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high. Note that price is trending above the Ichimoku cloud and MACD is above the 0-line, in line with our bullish analysis.
Pivot: 1.22092
Why we like it:
23.6% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21724
Why we like it:
61.8% fibonacci extension, 61.8% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1.22657
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Pivot: 1.22092
Why we like it:
23.6% fibonacci retracement, 78.6% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21724
Why we like it:
61.8% fibonacci extension, 61.8% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 1.22657
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high
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.