Price is facing bullish pressure from our pivot, which is in line with our graphical pullback support, 78.6% Fibonacci extension and 50% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 25.9430, with 1st resistance at 27.1078 as a possible target. Failure to hold above pivot at 25.9430 would see price swing the other way towards 1st support at 25.4900.
Pivot: 25.9430
Supporting Points:
graphical pullback support, 78.6% Fibonacci extension and 50% Fibonacci retracement
1st Support: 25.4900
Supporting Points:
Graphical swing low support, 78.6% Fibonacci retracement and 127.2% Fibonacci extension
1st Resistance: 27.1078
Supporting Points:
graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 25.9430
Supporting Points:
graphical pullback support, 78.6% Fibonacci extension and 50% Fibonacci retracement
1st Support: 25.4900
Supporting Points:
Graphical swing low support, 78.6% Fibonacci retracement and 127.2% Fibonacci extension
1st Resistance: 27.1078
Supporting Points:
graphical swing high 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.