Description:
Price is seeing bearish divergence in RSI, indicating a possible pullback. A limited pushdown towards our pivot at 103.514, where the 50% Fibonacci retracement , 100% fib extension and horizontal pullback support are, could occur before a possible bounce from there.Failing to edge towards the pivot would see price swing towards 1st resistance where horizontal swing high is.
Pivot: 103.514
Supporting Points:
650% Fibonacci retracement , 100% fib extension and horizontal pullback support
1st Support: 103.213
Supporting Points:
horizontal pullback support
1st Resistance: 103.991
Supporting Points:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is seeing bearish divergence in RSI, indicating a possible pullback. A limited pushdown towards our pivot at 103.514, where the 50% Fibonacci retracement , 100% fib extension and horizontal pullback support are, could occur before a possible bounce from there.Failing to edge towards the pivot would see price swing towards 1st resistance where horizontal swing high is.
Pivot: 103.514
Supporting Points:
650% Fibonacci retracement , 100% fib extension and horizontal pullback support
1st Support: 103.213
Supporting Points:
horizontal pullback support
1st Resistance: 103.991
Supporting Points:
horizontal 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.