Price is approaching our pivot, which is in line with our horizontal swing low support, 61.8% Fibonacci extension and 38.2% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 26.8420, with 1st resistance at 28.0580 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 26.1788.
Pivot: 26.8420
Supporting Points:
horizontal swing low support, 61.8% Fibonacci extension and 38.2% Fibonacci retracement
1st Support: 26.1788
Supporting Points:
horizontal swing low support, 61.8% Fibonacci retracement
1st Resistance: 28.0580
Supporting Points:
Graphical swing high resistance, 127.2% Fibonacci retracement, 78.6% Fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 26.8420
Supporting Points:
horizontal swing low support, 61.8% Fibonacci extension and 38.2% Fibonacci retracement
1st Support: 26.1788
Supporting Points:
horizontal swing low support, 61.8% Fibonacci retracement
1st Resistance: 28.0580
Supporting Points:
Graphical swing high resistance, 127.2% Fibonacci retracement, 78.6% Fibonacci extension
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.