Description:
Price currently holding above moving average and MACD indicator is above 0, showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 1.21052, with 1st resistance at 1.21782 as a possible target. Failure to hold above pivot at 1.21052 would see price swing the other way towards 1st support at 1.20402.
Pivot: 1.21052
Supporting Points:
23.6% Fibonacci retracement, Moving average support
1st Support: 1.20402
Supporting Points:
Graphical swing low
1st Resistance: 1.21782
Supporting Points:
-61.8% Fibonacci retracement, 78.6% Fibonacci extension
Trading FX & CFDs carries high risk.
Price currently holding above moving average and MACD indicator is above 0, showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 1.21052, with 1st resistance at 1.21782 as a possible target. Failure to hold above pivot at 1.21052 would see price swing the other way towards 1st support at 1.20402.
Pivot: 1.21052
Supporting Points:
23.6% Fibonacci retracement, Moving average support
1st Support: 1.20402
Supporting Points:
Graphical swing low
1st Resistance: 1.21782
Supporting Points:
-61.8% Fibonacci retracement, 78.6% Fibonacci extension
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.