Description:
Price is facing bullish pressure as it is now holding above the EMA (34), in line with our bullish bias. A rise from our pivot at 103.995 towards 1st resistance at 104.333 could be possible. Failing to edge above the pivot would see price swing towards 1st support where horizontal overlap support and 161.8% Fibonacci retracement is.
Pivot: 103.995
Supporting Points:
50% Fibonacci retracement, 76.4% Fibonacci extension, graphical pullback support
1st Support: 103.801
Supporting Points:
161.8% Fibonacci extension and graphical overlap support
1st Resistance: 104.333
Supporting Points:
-27.2% Fibonacci retracement, 127.2% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is facing bullish pressure as it is now holding above the EMA (34), in line with our bullish bias. A rise from our pivot at 103.995 towards 1st resistance at 104.333 could be possible. Failing to edge above the pivot would see price swing towards 1st support where horizontal overlap support and 161.8% Fibonacci retracement is.
Pivot: 103.995
Supporting Points:
50% Fibonacci retracement, 76.4% Fibonacci extension, graphical pullback support
1st Support: 103.801
Supporting Points:
161.8% Fibonacci extension and graphical overlap support
1st Resistance: 104.333
Supporting Points:
-27.2% Fibonacci retracement, 127.2% Fibonacci extension and graphical swing high 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.