Price is approaching pivot level of 1.24927, which is in line with 100% Fibonacci extension level, horizontal swing low support. A reversal from this level may see price take resistance at price 1.25622. This level coincides with horizontal swing high resistance, 50.0% Fibonacci retracement level. Finally, we can expect price to take support at 1.24226horizontal swing low support . This is further supported by how MACD is holding below the 0 line.
Pivot:
1.24927
Why we like it:
100% Fibonacci extension level, horizontal swing low support
1st Support:
1.24226
Why we like it:
horizontal swing low support
1st Resistance:
1.25622
Why we like it:
horizontal swing high resistance, 50.0% Fibonacci retracement level
Trading FX & CFDs carries high risk.
Pivot:
1.24927
Why we like it:
100% Fibonacci extension level, horizontal swing low support
1st Support:
1.24226
Why we like it:
horizontal swing low support
1st Resistance:
1.25622
Why we like it:
horizontal swing high resistance, 50.0% Fibonacci retracement 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.