Description:
Price approaching the Pivot at 104.085, where the 61.8% Fibonacci retracement, 78.6% Fibonacci extension are. With price trending below the moving average and MACD under 0, it is possible to see a medium probability bearish move from the Pivot level at 104.085 towards our 1st support at 103.76 where the horizontal swing low and 78.6% Fibonacci retracement are. Otherwise, breaking above the pivot would see price swing towards 1st resistance and graphical overlap at 104.201
Pivot: 104.085
Supporting Points:
61.8% Fibonacci retracement, 78.6% Fibonacci extension
1st Support: 103.76
Supporting Points:
Horizontal swing low and 78.6% Fibonacci retracement
1st Resistance: 104.201
Supporting Points:
78.6% Fibonacci retracement, 100% Fibonacci extension and Horizontal graphical overlap
Trading FX & CFDs carries high risk.
Price approaching the Pivot at 104.085, where the 61.8% Fibonacci retracement, 78.6% Fibonacci extension are. With price trending below the moving average and MACD under 0, it is possible to see a medium probability bearish move from the Pivot level at 104.085 towards our 1st support at 103.76 where the horizontal swing low and 78.6% Fibonacci retracement are. Otherwise, breaking above the pivot would see price swing towards 1st resistance and graphical overlap at 104.201
Pivot: 104.085
Supporting Points:
61.8% Fibonacci retracement, 78.6% Fibonacci extension
1st Support: 103.76
Supporting Points:
Horizontal swing low and 78.6% Fibonacci retracement
1st Resistance: 104.201
Supporting Points:
78.6% Fibonacci retracement, 100% Fibonacci extension and Horizontal graphical overlap
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.