Price is approaching our pivot level at 109.940 which is in line with 38.2% Fibonacci retracement level, trendline and moving averages resistance. Price could potentially drop to support at 109.120, in-line with -61.8% Fibonacci retracement level and 61.8% Fibonacci extension level.
Alternatively, price may swing towards resistance at 110.140, in-line with 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level.
Pivot:
109.940
Why we like it:
38.2% Fibonacci retracement level, trendline and moving averages resistance
1st Support:
109.120
-61.8% Fibonacci retracement level and 61.8% Fibonacci extension level
1st Resistance:
110.140
61.8% Fibonacci retracement level and 61.8% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may swing towards resistance at 110.140, in-line with 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level.
Pivot:
109.940
Why we like it:
38.2% Fibonacci retracement level, trendline and moving averages resistance
1st Support:
109.120
-61.8% Fibonacci retracement level and 61.8% Fibonacci extension level
1st Resistance:
110.140
61.8% Fibonacci retracement level and 61.8% Fibonacci extension level
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.