Price is retracing back to our pivot level at 109.855, in-line with 50% Fibonacci retracement level, 20EMA and trendline resistance. Price could potentially drop to support at 109.335, in-line with 78.6% Fibonacci retracement and 100% Fibonacci extension level.
Alternatively, price bounced to our resistance at 110.080, in-line with 61.8% Fibonacci retracement level and 100% Fibonacci extension level.
Pivot:
109.855
Why we like it:
50% Fibonacci retracement level, 20EMA and trendline resistance
1st Support:
109.335
78.6% Fibonacci retracement and 100% Fibonacci extension level
1st Resistance:
110.080
61.8% Fibonacci retracement level and 100% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price bounced to our resistance at 110.080, in-line with 61.8% Fibonacci retracement level and 100% Fibonacci extension level.
Pivot:
109.855
Why we like it:
50% Fibonacci retracement level, 20EMA and trendline resistance
1st Support:
109.335
78.6% Fibonacci retracement and 100% Fibonacci extension level
1st Resistance:
110.080
61.8% Fibonacci retracement level and 100% Fibonacci extension 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.