Description:
Price is facing bearish pressure as it continues to hold below the Ichimoku cloud. We expect a medium probability bearish scenario as price continues to push below our pivot at 1.21772 towards our 1st support at 1.21113. Otherwise, a break above the pivot should see price swing towards 1st resistance at 1.22229.
Pivot: 1.21772
Supporting Points:
61.8% Fibonacci retracement, 50% Fibonacci extension and graphical swing high resistance
1st Support: 1.21113
Supporting Points:
61.8% Fibonacci extension and graphical swing low support
1st Resistance: 1.22229
Supporting Points:
127.2% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is facing bearish pressure as it continues to hold below the Ichimoku cloud. We expect a medium probability bearish scenario as price continues to push below our pivot at 1.21772 towards our 1st support at 1.21113. Otherwise, a break above the pivot should see price swing towards 1st resistance at 1.22229.
Pivot: 1.21772
Supporting Points:
61.8% Fibonacci retracement, 50% Fibonacci extension and graphical swing high resistance
1st Support: 1.21113
Supporting Points:
61.8% Fibonacci extension and graphical swing low support
1st Resistance: 1.22229
Supporting Points:
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.