Price is approaching pivot level at 1.37000, in-line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA. Price could potentially bounce from pivot to resistance at 1.37980, in-line with 61.8% Fibonacci retracement, 161.8% Fibonacci extension level and trendline resistance. MACD is also indicating further bullish momentum.
Alternatively, price may drop to support at 1.36660, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension level.
Pivot:
1.37000
38.2% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA
1st Support:
1.36660
61.8% Fibonacci retracement and 100% Fibonacci extension level
1st Resistance:
1.37980
61.8% Fibonacci retracement, 161.8% Fibonacci extension level and trendline resistance
Trading FX & CFDs carries high risk.
Alternatively, price may drop to support at 1.36660, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension level.
Pivot:
1.37000
38.2% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA
1st Support:
1.36660
61.8% Fibonacci retracement and 100% Fibonacci extension level
1st Resistance:
1.37980
61.8% Fibonacci retracement, 161.8% Fibonacci extension level and trendline 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.