Description:
Price is holding below the Ichimoku cloud and EMA (34), showing bearish pressure. A further push down from our pivot 103.408 where the 23.6% Fibonacci extension, 23.6% Fibonacci retracement and horizontal pullback resistance are, towards first support at 103.105 is possible. Otherwise, failing to hold below pivot would see price swing towards 1st resistance where the 61.8% Fibonacci extension and 50% Fibonacci retracement is.
Pivot: 103.408
Supporting Points:
23.6% Fibonacci extension, 23.6% Fibonacci retracement and horizontal pullback resistance
1st Support: 103.105
Supporting Points:
76.4% and -27.2% Fibonacci retracement
1st Resistance: 103.626
Supporting Points:
61.8% Fibonacci extension, 50% Fibonacci retracement and horizontal pullback resistance
Trading FX & CFDs carries high risk.
Price is holding below the Ichimoku cloud and EMA (34), showing bearish pressure. A further push down from our pivot 103.408 where the 23.6% Fibonacci extension, 23.6% Fibonacci retracement and horizontal pullback resistance are, towards first support at 103.105 is possible. Otherwise, failing to hold below pivot would see price swing towards 1st resistance where the 61.8% Fibonacci extension and 50% Fibonacci retracement is.
Pivot: 103.408
Supporting Points:
23.6% Fibonacci extension, 23.6% Fibonacci retracement and horizontal pullback resistance
1st Support: 103.105
Supporting Points:
76.4% and -27.2% Fibonacci retracement
1st Resistance: 103.626
Supporting Points:
61.8% Fibonacci extension, 50% Fibonacci retracement and horizontal pullback resistance
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.