Description: Price is bouncing from our Pivot point of 0.71916, which is in line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal graphical area, ascending and descending trendline support. A potential rise from here towards our first resistance level of 0.72503, in line with 61.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance.
Pivot: 0.71916 Why we like it: 78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal graphical area, ascending and descending trendline support
1st Support: 0.71610 Why we like it: 127% Fibonacci retracement, 127% fibonacci extension and horizontal swing low support.
1st Resistance: 0.72503 Why we like it: 61.8% Fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance
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