Price is approaching our pivot, which is in line with our 50 EMA, graphical pullback support, 100% Fibonacci extension and 61.8% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 1902.69, with 1st resistance at 1958.19 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 1859.45.
Pivot: 1902.69
Supporting Points:
50 EMA, graphical pullback support, 100% Fibonacci extension and 61.8% Fibonacci retracement
1st Support: 1859.45
Supporting Points:
Graphical swing low support, 161.8% Fibonacci extension
1st Resistance: 1958.19
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1902.69
Supporting Points:
50 EMA, graphical pullback support, 100% Fibonacci extension and 61.8% Fibonacci retracement
1st Support: 1859.45
Supporting Points:
Graphical swing low support, 161.8% Fibonacci extension
1st Resistance: 1958.19
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
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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.