Price is reacting above our pivot level at 110.240 which is in line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 110.795, which is in line with 100% Fibonacci retracement level, 127.2% Fibonacci extension level horizontal overlap resistance.
Alternatively, price may drop to our support at 109.895, which coincides with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
110.240
Why we like it:
78.6% Fibonacci retracement level and 61.8% Fibonacci extension level
1st Support:
109.895
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Resistance:
110.795
100% Fibonacci retracement level, 127.2% Fibonacci extension level horizontal overlap resistance
Trading FX & CFDs carries high risk.
Alternatively, price may drop to our support at 109.895, which coincides with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level.
Pivot:
110.240
Why we like it:
78.6% Fibonacci retracement level and 61.8% Fibonacci extension level
1st Support:
109.895
61.8% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Resistance:
110.795
100% Fibonacci retracement level, 127.2% 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.