Description:
Price has bounced from our pivot of 1.21767, which is a fibonacci confluence level. A short-term rise from our pivot at 1.21767 towards 1st resistance and the descending trendline at 1.22133 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.21350.
Pivot: 1.22262
Supporting Points:
78.6%, 127% fibonacci retracement, 88%, 127% Fibonacci extension and horizontal graphical area.
1st Support: 1.21350
Supporting Points:
-27% Fibonacci retracement and horizontal swing low support.
1st Resistance: 1.22133
Supporting Points:
61.8%, 38.2% fibonacci retracement, 61.8%, 100% Fibonacci extension and horizontal graphical area.
Trading FX & CFDs carries high risk.
Price has bounced from our pivot of 1.21767, which is a fibonacci confluence level. A short-term rise from our pivot at 1.21767 towards 1st resistance and the descending trendline at 1.22133 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.21350.
Pivot: 1.22262
Supporting Points:
78.6%, 127% fibonacci retracement, 88%, 127% Fibonacci extension and horizontal graphical area.
1st Support: 1.21350
Supporting Points:
-27% Fibonacci retracement and horizontal swing low support.
1st Resistance: 1.22133
Supporting Points:
61.8%, 38.2% fibonacci retracement, 61.8%, 100% Fibonacci extension and horizontal graphical area.
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.