Price is facing bearish pressure from our pivot, in line with the horizontal swing pullback resistance, 23.6% fibonacci retracement and 61.8% 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 174186.
Pivot: 1767.79
Supporting Points:
horizontal swing pullback resistance, 23.6% fibonacci retracement and 61.8% fibonacci extension
1st Support: 1741.86
Supporting Points:
78.6% fibonacci extension
1st Resistance: 1786.07
Supporting Points:
horizontal pullback resistance, 50% fibonacci retracement
Trading FX & CFDs carries high risk.
Pivot: 1767.79
Supporting Points:
horizontal swing pullback resistance, 23.6% fibonacci retracement and 61.8% fibonacci extension
1st Support: 1741.86
Supporting Points:
78.6% fibonacci extension
1st Resistance: 1786.07
Supporting Points:
horizontal pullback resistance, 50% fibonacci retracement
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.