Price is approaching our pivot, which is in line with our horizontal overlap support, 100% Fibonacci extension and 76.4% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 1811.46, with 1st resistance at 1903.91 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 1764.70.
Pivo: 1811.46
Supporting Points:
Graphical overlap support, 100% Fibonacci extension and 76.4% Fibonacci retracement
1st Support: 1764.70
Supporting Points:
Graphical swing low support
1st Resistance: 1903.91
Supporting Points:
Graphical overlap resistance, 61.8% Fibonacci retracement
Trading FX & CFDs carries high risk.
Pivo: 1811.46
Supporting Points:
Graphical overlap support, 100% Fibonacci extension and 76.4% Fibonacci retracement
1st Support: 1764.70
Supporting Points:
Graphical swing low support
1st Resistance: 1903.91
Supporting Points:
Graphical overlap resistance, 61.8% Fibonacci retracement
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.