Price is facing bearish pressure from our pivot, in line with the horizontal swing high resistance and 61.8% fibonacci retracement where we could see a further drop below this level to our first support target. Failure to hold below the pivot level could see prices swing towards our first resistance target at 1816.86.
Pivot: 1805.03
Supporting Points:
horizontal swing high resistance, descending trend line and 61.8% fibonacci retracement
1st Support: 1775.19
Supporting Points:
Horizontal pullback support, 76.4% fibonacci retracement
1st Resistance: 1816.86
Supporting Points:
horizontal swing high resistance, 61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 1805.03
Supporting Points:
horizontal swing high resistance, descending trend line and 61.8% fibonacci retracement
1st Support: 1775.19
Supporting Points:
Horizontal pullback support, 76.4% fibonacci retracement
1st Resistance: 1816.86
Supporting Points:
horizontal swing high resistance, 61.8% fibonacci extension
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.