Price has broken above our pivot level at 112.834 which is in line with -27.2% Fibonacci retracement level & horizontal overlap resistance . We could potentially see a further rise from here towards 112.322, which coincides with 127.2% Fibonacci extension level, 161.8% Fibonacci extension level & horizontal overlap resistance. Finally, we can expect price to take support at 112.063, which coincides with 127.2% Fibonacci retracement level & horizontal overlap resistance . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
112.834
Why we like it:
-27.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
112.063
Why we like it:
127.2% Fibonacci retracement levell & horizontal overlap resistance
1st Resistance:
112.322
Why we like it:
127.2% Fibonacci extension level, 161.8% Fibonacci extension level & horizontal overlap resistance
Trading FX & CFDs carries high risk.
Pivot:
112.834
Why we like it:
-27.2% Fibonacci retracement level & horizontal overlap resistance
1st Support:
112.063
Why we like it:
127.2% Fibonacci retracement levell & horizontal overlap resistance
1st Resistance:
112.322
Why we like it:
127.2% Fibonacci extension level, 161.8% Fibonacci extension level & horizontal overlap 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.