Description:
Price is breaking above our pivot level, indicating a further bounce. A rise from our pivot at 104.044 towards 1st resistance at 104.496 could be possible, as the impulsive Wave 5 starts. Failing to edge above the pivot would see price swing towards 1st support where horizontal swing low is.
Pivot: 104.044
Supporting Points:
Elliott Wave 3 support, horizontal pullback support
1st Support: 103.637
Supporting Points:
horizontal swing low
1st Resistance: 104.496
Supporting Points:
100% fib extension
Trading FX & CFDs carries high risk.
Price is breaking above our pivot level, indicating a further bounce. A rise from our pivot at 104.044 towards 1st resistance at 104.496 could be possible, as the impulsive Wave 5 starts. Failing to edge above the pivot would see price swing towards 1st support where horizontal swing low is.
Pivot: 104.044
Supporting Points:
Elliott Wave 3 support, horizontal pullback support
1st Support: 103.637
Supporting Points:
horizontal swing low
1st Resistance: 104.496
Supporting Points:
100% fib extension
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.