Price is approaching our pivot, in line with the horizontal pullback resistance and 78.6% fibonacci retracement and 100% fibonacci extension 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 1855.36.
Pivot: 1831.58
Supporting Points:
horizontal pullback resistance and 78.6% fibonacci retracement and 100% fibonacci extension
1st Support: 1788.73
Supporting Points:
Horizontal pullback support and 78.6% fibonacci retracement
1st Resistance: 1855.36
Supporting Points:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1831.58
Supporting Points:
horizontal pullback resistance and 78.6% fibonacci retracement and 100% fibonacci extension
1st Support: 1788.73
Supporting Points:
Horizontal pullback support and 78.6% fibonacci retracement
1st Resistance: 1855.36
Supporting Points:
horizontal 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.