Price is approaching pivot point at 113.778 which is in line with 23.6% Fibonacci retracement level & horizontal overlap support. A break and close below this level could see a price swing towards 1st support at 112.098.This level is in line with 161.8% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 114.235, which coincides with , 61.8% Fibonacci extension level . This is further supported by how price is likely to reverse off the RSI resistance level.
Pivot:
113.778
Why we like it:
23.6% Fibonacci retracement level & horizontal overlap support
1st Support:
112.098
Why we like it:
161.8% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal overlap support
1st Resistance:
114.235
Why we like it:
, 61.8% Fibonacci extension level
Trading FX & CFDs carries high risk.
Pivot:
113.778
Why we like it:
23.6% Fibonacci retracement level & horizontal overlap support
1st Support:
112.098
Why we like it:
161.8% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal overlap support
1st Resistance:
114.235
Why we like it:
, 61.8% 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.