Price is reacting below our pivot level at 0.91873 which is in line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal swing high resistance. Price can potentially take support at 0.91055, which is in line with -27.2%Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing low support. Alternatively, price may rise up to our resistance at 0.92379, which coincides with 161.8% Fibonacci extension level & horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91873
Why we like it:
61.8% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal swing high resistance
1st Support:
0.91055
-27.2%Fibonacci retracement level, 161.8% Fibonacci extension level & horizontal swing low support
1st Resistance:
0.92379
161.8% Fibonacci extension level & horizontal swing high resistance
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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.