Price is reacting above our pivot level at 109.76 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA. Price could potentially push up further to resistance at 110.44, which is in line with 78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance.
Alternatively, price may drop to our support at 109.17, which coincides with 78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level
Pivot:
109.76
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA
1st Support:
109.17
78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level
1st Resistance:
110.44
78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
Alternatively, price may drop to our support at 109.17, which coincides with 78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level
Pivot:
109.76
Why we like it:
38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA
1st Support:
109.17
78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level
1st Resistance:
110.44
78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and 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.