Price is approaching our pivot, which is in line with our graphical overlap support, 100% Fibonacci extension and 61.8% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 24.6544, with 1st resistance at 27.8346 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 23.2508.
Pivot: 24.6544
Supporting Points:
graphical overlap support, 100% Fibonacci extension and 61.8% Fibonacci retracement
1st Support: 23.2508
Supporting Points:
Graphical pullback support, 76.4% Fibonacci retracement
1st Resistance: 27.8346
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 24.6544
Supporting Points:
graphical overlap support, 100% Fibonacci extension and 61.8% Fibonacci retracement
1st Support: 23.2508
Supporting Points:
Graphical pullback support, 76.4% Fibonacci retracement
1st Resistance: 27.8346
Supporting Points:
Graphical 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.