Price is approaching our Pivot at 1.21079. We expect a medium probability bounce and a further rise from our pivot towards our 1st resistance at 1.21695. Otherwise, a break below the pivot should see price swing towards 1st support at 1.20610. It is worth noting that price is still holding above the Ichimoku cloud in line with our bullish bias.
Pivot: 1.21079
Supporting Points:
38.2% Fibonacci retracement, 23.6% Fibonacci extension and graphical swing low support
1st Support: 1.20610
Supporting Points:
78.6% Fibonacci retracement and 61.8% Fibonacci extension
1st Resistance: 1.21695
Supporting Points:
-27.2% Fibonacci retracement, 50% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21079
Supporting Points:
38.2% Fibonacci retracement, 23.6% Fibonacci extension and graphical swing low support
1st Support: 1.20610
Supporting Points:
78.6% Fibonacci retracement and 61.8% Fibonacci extension
1st Resistance: 1.21695
Supporting Points:
-27.2% Fibonacci retracement, 50% Fibonacci extension and 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.