Price is approaching pivot level at 1.38303 which is in line with 38.2% Fibonacci retracement level and 200MA. Price may potentially swing towards support at 1.37680 which is in line with -27.2%, 50% Fibonacci retracement and horizontal pullback support.
Alternatively, price may bounce to our resistance at 1.38687, which coincides with 78.6% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
1.38303
Why we like it:
38.2% Fibonacci retracement level and 200MA
1st Support:
1.37680
-27.2% Fibonacci retracement level, 50% Fibonacci extension level & horizontal pullback support
1st Resistance:
1.38687
78.6% Fibonacci retracement level and 78.6% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may bounce to our resistance at 1.38687, which coincides with 78.6% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
1.38303
Why we like it:
38.2% Fibonacci retracement level and 200MA
1st Support:
1.37680
-27.2% Fibonacci retracement level, 50% Fibonacci extension level & horizontal pullback support
1st Resistance:
1.38687
78.6% Fibonacci retracement level and 78.6% Fibonacci extension level
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.