Price is approaching pivot level of 1.26217, which is in line with 61.8% Fibonacci retracement level. A reversal from this level may see price take resistance at price 1.27618. This level coincides with horizontal swing high resistance, 61.8% Fibonacci extension level. Finally, we can expect price to take support at 1.2582761.8% Fibonacci retracement levelhorizontal swing low support . This is further supported by how MACD is holding below the 0 line.
Pivot:
1.26217
Why we like it:
61.8% Fibonacci retracement level
1st Support:
1.25827
Why we like it:
61.8% Fibonacci retracement levelhorizontal swing low support
1st Resistance:
1.27618
Why we like it:
horizontal swing high resistance, 61.8% Fibonacci extension level
Trading FX & CFDs carries high risk.
Pivot:
1.26217
Why we like it:
61.8% Fibonacci retracement level
1st Support:
1.25827
Why we like it:
61.8% Fibonacci retracement levelhorizontal swing low support
1st Resistance:
1.27618
Why we like it:
horizontal swing high resistance, 61.8% Fibonacci extension 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.