Price is approaching pivot level of 1.24449, which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci extension level and horizontal overlap support. We can expect further upside towards 1st resistance at price 1.25599. This level coincides with 78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing high resistance. This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
1.24449
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support
1st Support:
1.23649
78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.25599
78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot:
1.24449
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci extension levelhorizontal overlap support
1st Support:
1.23649
78.6% Fibonacci retracement level, 100% Fibonacci extension level & horizontal swing low support
1st Resistance:
1.25599
78.6% Fibonacci retracement level, 61.8% Fibonacci extension level & horizontal swing high resistance
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.