Euro / U.S. DollarShort
EURUSD, H4 is testing our Pivot point, potential for a drop.
Price is testing our Pivot point at 1.19327, in line with 61.8%, 61.8%, 50% Fibonacci retracement, Ichimoku cloud resistance and horizontal graphical area, where we could potentially see a drop from our pivot towards our 1st support level at 1.18458, which is in line with 61.8%, 161.8%, 161.8% fibonacci extension, and horizontal swing low support. Note that price is attempting to break out of the Ichimoku cloud showing bearish pressure, in line with our analysis.
Pivot: 1.19327
Why we like it:
61.8%, 61.8%, 50% Fibonacci retracement, Ichimoku cloud resistance and horizontal graphical area
1st Support: 1.18458
Why we like it:
61.8%, 161.8%, 161.8% fibonacci extension, and horizontal swing low support
1st Resistance: 1.20075
Why we like it:
78.6%, 161.8% Fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Pivot: 1.19327
Why we like it:
61.8%, 61.8%, 50% Fibonacci retracement, Ichimoku cloud resistance and horizontal graphical area
1st Support: 1.18458
Why we like it:
61.8%, 161.8%, 161.8% fibonacci extension, and horizontal swing low support
1st Resistance: 1.20075
Why we like it:
78.6%, 161.8% Fibonacci extension and horizontal graphical overlap.
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.