Description:
Price is testing our pivot at 0.79777, in line with 161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. Where we could see a bounce above this level towards the 1st resistance. Otherwise, a break beneath this level may see price swing towards 1st support. Do note that price is trending above the moving average, in line with our bullish analysis.
Pivot: 0.79777
Supporting Points:
161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Support: 0.79463
Supporting Points:
127% Fibonacci retracement, 88%, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.80042
Supporting Points:
-27% Fibonacci retracement, 61.8%, 161.8% fibonacci extension and previous swing high resistance.
Trading FX & CFDs carries high risk.
Price is testing our pivot at 0.79777, in line with 161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap. Where we could see a bounce above this level towards the 1st resistance. Otherwise, a break beneath this level may see price swing towards 1st support. Do note that price is trending above the moving average, in line with our bullish analysis.
Pivot: 0.79777
Supporting Points:
161.8%, 23.6% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
1st Support: 0.79463
Supporting Points:
127% Fibonacci retracement, 88%, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.80042
Supporting Points:
-27% Fibonacci retracement, 61.8%, 161.8% fibonacci extension and previous 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.