Price is facing bullish pressure from our pivot, which is in line with our graphical overlap support, 61.8% Fibonacci extension and 50% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 1869.10, with 1st resistance at 1902.77 as a possible target. Failure to hold above pivot at 1869.10 would see price swing the other way towards 1st support at 1854.51.
Pivot: 1869.10
Supporting Points:
graphical overlap support, 61.8% Fibonacci extension and 50% Fibonacci retracement
1st Support: 1854.51
Supporting Points:
Graphical swing low support, 61.8% Fibonacci retracement and 100% Fibonacci extension
1st Resistance: 1902.77
Supporting Points:
graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1869.10
Supporting Points:
graphical overlap support, 61.8% Fibonacci extension and 50% Fibonacci retracement
1st Support: 1854.51
Supporting Points:
Graphical swing low support, 61.8% Fibonacci retracement and 100% Fibonacci extension
1st Resistance: 1902.77
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.