Price is facing bearish pressure from our pivot level, in line with our 50% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap resistance where we could see a further drop below this level to our first support target. Ichimoku cloud and 50 EMA are showing signs of bearish pressure as well, in line with our bearish bias.
Pivot: 3785.4
Supporting Points:
50% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap resistance
1st Support: 3725.1
Supporting Points:
61.8% fibonacci retracement, 100% fibonacci extension and graphical overlap support
1st Resistance: 3826.2
Supporting Points:
161.8% Fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 3785.4
Supporting Points:
50% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap resistance
1st Support: 3725.1
Supporting Points:
61.8% fibonacci retracement, 100% fibonacci extension and graphical overlap support
1st Resistance: 3826.2
Supporting Points:
161.8% Fibonacci extension
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.