EURUSD, H4 is bouncing from our Pivot point, potential for a ris
Description
Price is bouncing from our Pivot point of 1.22049, which is in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap, where we could see a potential rise at this level to our first resistance level of 1.22586, in line with 78.6% Fibonacci extension and -27% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 1.22049
Why we like it:
50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1.21565
Why we like it:
78.6% Fibonacci retracement and ascending trendline support.
1st Resistance: 1.22586
Why we like it:
78.6% Fibonacci extension and -27% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot point of 1.22049, which is in line with our 50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap, where we could see a potential rise at this level to our first resistance level of 1.22586, in line with 78.6% Fibonacci extension and -27% fibonacci retracement. It is worth noting that price is trending above the Ichimoku cloud, and an ascending trendline which is showing bullish momentum in line with our analysis.
Pivot: 1.22049
Why we like it:
50% Fibonacci retracement, 78.6% Fibonacci extension, ascending trendline support and horizontal graphical overlap
1st Support: 1.21565
Why we like it:
78.6% Fibonacci retracement and ascending trendline support.
1st Resistance: 1.22586
Why we like it:
78.6% Fibonacci extension and -27% fibonacci retracement
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.