Description Price is testing our Pivot point at 0.88464 which is in line with our 23.6% Fibonacci retracement and horizontal graphical overlap. We could potentially see price drop towards our 1st support level at 0.88088, in line with 100% fibonacci extension and 127% fibonacci retracement. It is worth noting that price is trending under the EMA (34) and Ichimoku cloud.
Pivot: 0.88464 Why we like it: 23.6% Fibonacci retracement and horizontal graphical overlap
1st Support: 0.88088 Why we like it: 100% fibonacci extension and 127% fibonacci retracement.
1st Resistance: 0.88775 Why we like it: 61.8% Fibonacci extension, 88% Fibonacci retracement and horizontal graphical resistance.
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