Description:
Price is bouncing from our Pivot point at 1.22833, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from here towards our 1st resistance level at 1.23874, in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high. Do note that price is above the ascending trendline, in line with our bullish analysis.
Pivot: 1.22833
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1.22138
Why we like it:
127% fibonacci retracement, 100% fibonacci extension and horizontal graphical area
1st Resistance: 1.23874
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point at 1.22833, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap. We could potentially see price rise from here towards our 1st resistance level at 1.23874, in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high. Do note that price is above the ascending trendline, in line with our bullish analysis.
Pivot: 1.22833
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Support: 1.22138
Why we like it:
127% fibonacci retracement, 100% fibonacci extension and horizontal graphical area
1st Resistance: 1.23874
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical swing high
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.