Description
Price is approaching our pivot level at 1.37708 which is in line with 38.2% Fibonacci retracement level & horizontal swing low support. Price can potentially take support at 1.35722, which is in line with 78.6% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 1.38623, which coincides with -27.2% Fibonacci retracement level & horizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1.37708
Why we like it:
38.2% Fibonacci retracement level& horizontal swing low support
1st Support:
1.35722
78.6% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.38623
-27.2%Fibonacci retracement level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is approaching our pivot level at 1.37708 which is in line with 38.2% Fibonacci retracement level & horizontal swing low support. Price can potentially take support at 1.35722, which is in line with 78.6% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 1.38623, which coincides with -27.2% Fibonacci retracement level & horizontal swing high resistance . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
1.37708
Why we like it:
38.2% Fibonacci retracement level& horizontal swing low support
1st Support:
1.35722
78.6% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.38623
-27.2%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.