EURUSD, H4 testing our Pivot point, potential for a drop.
Description
Price is testing our Pivot point of 1.20745, which is in line with our 127%, -27% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 1.20102, in line with a fibonacci confluence. It is noteworthy that price is still testing the Pivot and a bearish breakout can be expected..
Pivot: 1.20745
Why we like it:
127%, -27% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.20102
Why we like it:
161.8%, -61.8% Fibonacci retracement, 100%, 161.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.21230
Why we like it:
78.6% Fibonacci retracement and -61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is testing our Pivot point of 1.20745, which is in line with our 127%, -27% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 1.20102, in line with a fibonacci confluence. It is noteworthy that price is still testing the Pivot and a bearish breakout can be expected..
Pivot: 1.20745
Why we like it:
127%, -27% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 1.20102
Why we like it:
161.8%, -61.8% Fibonacci retracement, 100%, 161.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.21230
Why we like it:
78.6% Fibonacci retracement and -61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.