Description:
Price is approaching our pivot, which is in line with our graphical swing low support, 78.6% Fibonacci extension and 61.8% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 25.4560, with 1st resistance at 25.8955 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 25.1125.
Pivot: 25.4560
Supporting Points:
78.6% Fibonacci extension, 61.8% Fibonacci retracement and graphical swing low support
1st Support: 25.1125
Supporting Points:
161.8% Fibonacci extension and graphical swing low support
1st Resistance: 25.8955
Supporting Points:
61.8% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching our pivot, which is in line with our graphical swing low support, 78.6% Fibonacci extension and 61.8% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 25.4560, with 1st resistance at 25.8955 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 25.1125.
Pivot: 25.4560
Supporting Points:
78.6% Fibonacci extension, 61.8% Fibonacci retracement and graphical swing low support
1st Support: 25.1125
Supporting Points:
161.8% Fibonacci extension and graphical swing low support
1st Resistance: 25.8955
Supporting Points:
61.8% Fibonacci extension and 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.