Price is reacting at our pivot level at 0.68040 which is in line with -27.2% Fibonacci retracement level and 127.2% Fibonacci extension. Price could potentially bounce towards resistance at 0.68820 which coincides with 38.2% Fibonacci retracement level and 78.6% Fibonacci extension level. Stochastic is also at support level where previous bounces occurred
Alternatively, price may drop towards support at 0.67575, which coincides with -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level.
Pivot:
0.68040
Why we like it:
-27.2% Fibonacci retracement level and 127.2% Fibonacci extension
1st Support:
0.67575
-61.8% Fibonacci retracement level and 161.8% Fibonacci extension level
1st Resistance:
0.68820
38.2% Fibonacci retracement level and 78.6% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may drop towards support at 0.67575, which coincides with -61.8% Fibonacci retracement level and 161.8% Fibonacci extension level.
Pivot:
0.68040
Why we like it:
-27.2% Fibonacci retracement level and 127.2% Fibonacci extension
1st Support:
0.67575
-61.8% Fibonacci retracement level and 161.8% Fibonacci extension level
1st Resistance:
0.68820
38.2% 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.