Price is reactive above pivot level at 1.36427 which is in line with -61.8% Fibonacci retracement level and 127.2% Fibonacci extension. Price may potentially swing towards our resistance at 1.36950, which coincides with 50% Fibonacci retracement level , 127.2% Fibonacci extension level and 20EMA. Stochastic is also at support level where previous bounces occurred.
Alternatively, price may drop to our support at 1.355525 which is in line with -27.2% Fibonacci retracement and 161.8% Fibonacci extension level.
Pivot:
1.36427
Why we like it:
-61.8% Fibonacci retracement level and 127.2% Fibonacci extension
1st Support:
1.355525
-27.2% Fibonacci retracement and 161.8% Fibonacci extension level
1st Resistance:
1.36950
50% Fibonacci retracement level , 127.2% Fibonacci extension level and 20EMA
Trading FX & CFDs carries high risk.
Alternatively, price may drop to our support at 1.355525 which is in line with -27.2% Fibonacci retracement and 161.8% Fibonacci extension level.
Pivot:
1.36427
Why we like it:
-61.8% Fibonacci retracement level and 127.2% Fibonacci extension
1st Support:
1.355525
-27.2% Fibonacci retracement and 161.8% Fibonacci extension level
1st Resistance:
1.36950
50% Fibonacci retracement level , 127.2% Fibonacci extension level and 20EMA
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.