Price is reacting below our pivot level at 1.3755 which is in line with horizontal overlap resistance. Price can potentially take support at 1.36585, which is in line with -27.2%Fibonacci retracement level, 100% Fibonacci extension level & 161.8% Fibonacci retracement level. Alternatively, price may rise up to our resistance at 1.38356, which coincides with 38.2% Fibonacci retracement level, 78.6% Fibonacci retracement level & horizontal overlap resistance . This is further supported by
Pivot:
1.37550
Why we like it:
horizontal overlap resistance
1st Support:
1.36585
-27.2%Fibonacci retracement level, 100% Fibonacci extension level & 161.8% Fibonacci retracement level
1st Resistance:
1.38356
38.2% Fibonacci retracement level, 78.6% Fibonacci retracement level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
1.37550
Why we like it:
horizontal overlap resistance
1st Support:
1.36585
-27.2%Fibonacci retracement level, 100% Fibonacci extension level & 161.8% Fibonacci retracement level
1st Resistance:
1.38356
38.2% Fibonacci retracement level, 78.6% Fibonacci retracement level & horizontal overlap 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.