Description:
Price is bouncing at our pivot of 1.22083, which is a fibonacci confluence level. A rise from our pivot at 1.22083 towards 1st resistance at 1.22525 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.21679. It's noteworthy that price is trending above the Ichimoku cloud in line with our bullish view.
Pivot: 1.22083
Supporting Points:
50% fibonacci retracement, 100% Fibonacci extension, Ichimoku cloud support and horizontal graphical area.
1st Support: 1.21679
Supporting Points:
23.6% Fibonacci retracement 50% Fibonacci extension and horizontal graphical overlap
1st Resistance: 1.22525
Supporting Points:
78.6% fibonacci retracement, 161.8%, 50% Fibonacci extension and horizontal graphical area.
Trading FX & CFDs carries high risk.
Price is bouncing at our pivot of 1.22083, which is a fibonacci confluence level. A rise from our pivot at 1.22083 towards 1st resistance at 1.22525 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.21679. It's noteworthy that price is trending above the Ichimoku cloud in line with our bullish view.
Pivot: 1.22083
Supporting Points:
50% fibonacci retracement, 100% Fibonacci extension, Ichimoku cloud support and horizontal graphical area.
1st Support: 1.21679
Supporting Points:
23.6% Fibonacci retracement 50% Fibonacci extension and horizontal graphical overlap
1st Resistance: 1.22525
Supporting Points:
78.6% fibonacci retracement, 161.8%, 50% 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.