Price is facing bullish pressure from our pivot, in line with our horizontal pullback support level and 38.2% fibonacci retracement level where we could see a further upside above this level. Failure to hold above our pivot level at 3894.4 could see drop towards our first support target at 3828.9. Ichimoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Pivot: 3894.4
Supporting Points:
horizontal pullback support level and 38.2% fibonacci retracement level
1st Support: 3828.9
Supporting Points:
Horizontal overlap support level and 100% fibonacci extension
1st Resistance: 4016.2
Supporting Points:
-27.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Pivot: 3894.4
Supporting Points:
horizontal pullback support level and 38.2% fibonacci retracement level
1st Support: 3828.9
Supporting Points:
Horizontal overlap support level and 100% fibonacci extension
1st Resistance: 4016.2
Supporting Points:
-27.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
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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.