Description Price is testing our Pivot of 104.252, which is in line with -27%, 127% Fibonacci retracement, 50% fibonacci extension, ascending trendline support, where we could see a potential rise from this level to our first resistance level of 104.617. It is noteworthy that price is trending above the ascending trendline, which is in line with our bullish view.
Pivot: 104.252 Why we like it: -27%, 127% Fibonacci retracement, 50% fibonacci extension, ascending trendline support
1st Support: 103.910 Why we like it: 61.8% Fibonacci retracement and horizontal graphical area.
1st Resistance: 104.617 Why we like it: 61.8%, 88% fibonacci extension, -27%, -68% fibonacci retracement Trading FX & CFDs carries high risk.
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.