Description:
Price drifted sideways but currently still 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 1.21415, with 1st resistance at 1.22009 as a possible target. Failure to hold above pivot at 1.21415 would see price swing the other way towards 1st support at 1.21102.
Pivot: 1.21415
Supporting Points:
23.6% Fibonacci retracement, Moving average support
1st Support: 1.21102
Supporting Points:
88% and 50% Fibonacci retracement
1st Resistance: 1.21782
Supporting Points:
-27% Fibonacci retracement, 100% Fibonacci extension
Trading FX & CFDs carries high risk.
Price drifted sideways but currently still 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 1.21415, with 1st resistance at 1.22009 as a possible target. Failure to hold above pivot at 1.21415 would see price swing the other way towards 1st support at 1.21102.
Pivot: 1.21415
Supporting Points:
23.6% Fibonacci retracement, Moving average support
1st Support: 1.21102
Supporting Points:
88% and 50% Fibonacci retracement
1st Resistance: 1.21782
Supporting Points:
-27% Fibonacci retracement, 100% 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.