Description
Price is approaching pivot level of 0.93018 where we have 50.0% Fibonacci retracement level horizontal swing high resistance lining up. A reversal from this level might see price take support at 0.92322, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level. Finally, price is unlikely to surpass our strong resistance at 0.93321, which coincides with 127.2% Fibonacci retracement level . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.93018
Why we like it:
50.0% Fibonacci retracement level horizontal swing high resistance
1st Support:
0.92322
Why we like it:
horizontal overlap support, 38.2% Fibonacci retracement level
1st Resistance:
0.93321
Why we like it:
127.2% Fibonacci retracement level
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.93018 where we have 50.0% Fibonacci retracement level horizontal swing high resistance lining up. A reversal from this level might see price take support at 0.92322, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level. Finally, price is unlikely to surpass our strong resistance at 0.93321, which coincides with 127.2% Fibonacci retracement level . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.93018
Why we like it:
50.0% Fibonacci retracement level horizontal swing high resistance
1st Support:
0.92322
Why we like it:
horizontal overlap support, 38.2% Fibonacci retracement level
1st Resistance:
0.93321
Why we like it:
127.2% 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.