Description:
Price is testing for a bullish breakout at pivot of 1.23010, which is a fibonacci confluence level. A rise from our pivot at 1.23010 towards 1st resistance at 1.23321 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.22814. Note that price is trending above the Ascending trendline as well as Ichimoku cloud, in line with our bullish bias.
Pivot: 1.23010
Supporting Points:
23.6% and 50% fibonacci retracement
1st Support: 1.22814
Supporting Points:
38%, 61.8% Fibonacci retracement, 127% Fibonacci extension and ascending trendline support.
1st Resistance: 1.23321
Supporting Points:
127% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is testing for a bullish breakout at pivot of 1.23010, which is a fibonacci confluence level. A rise from our pivot at 1.23010 towards 1st resistance at 1.23321 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.22814. Note that price is trending above the Ascending trendline as well as Ichimoku cloud, in line with our bullish bias.
Pivot: 1.23010
Supporting Points:
23.6% and 50% fibonacci retracement
1st Support: 1.22814
Supporting Points:
38%, 61.8% Fibonacci retracement, 127% Fibonacci extension and ascending trendline support.
1st Resistance: 1.23321
Supporting Points:
127% Fibonacci retracement, 78.6% Fibonacci extension and horizontal 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.