Price is facing bearish pressure from our pivot, in line with the horizontal overlap resistance and 61.8% fibonacci retracement and 61.8% fibonacci extension where we could see a further drop below this level to our first support target. Failure to hold below the pivot level could see prices swing towards our first resistance target at 28.3300.
Pivot: 27.9468
Supporting Points:
horizontal overlap resistance and 61.8% fibonacci retracement and 61.8% fibonacci extension
1st Support: 26.9918
Supporting Points:
Horizontal swing low support, 78.6% fibonacci retracement, 100% Fibonacci extension
1st Resistance: 28.3300
Supporting Points:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 27.9468
Supporting Points:
horizontal overlap resistance and 61.8% fibonacci retracement and 61.8% fibonacci extension
1st Support: 26.9918
Supporting Points:
Horizontal swing low support, 78.6% fibonacci retracement, 100% Fibonacci extension
1st Resistance: 28.3300
Supporting Points:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
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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.