Description
Price is reacting below our pivot level at 1.18364 which is in line with 61.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap resistance. Price can potentially take support at 1.17764, which is in line with 61.8% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 1.18638, which coincides with 88% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is holding below the EMA
Pivot:
1.18364
Why we like it:
61.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap resistance
1st Support:
1.17764
61.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.18638
88% Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing high resistance
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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.