#EURUSD approaching pivot, potential for a drop!
Description
Price is reacting below our pivot level at 1.13807 which is in line with 38.2% Fibonacci retracement levelhorizontal overlap resistance. Price can potentially take support at 1.11873, which is in line with 127.2% Fibonacci extension levelhorizontal overlap support. Alternatively, price may rise up to our resistance at 1.14534, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the RSI support level .
Pivot:
1.13807
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap resistance
1st Support:
1.11873
Why we like it:
127.2% Fibonacci extension levelhorizontal overlap support
1st Resistance:
1.14534
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is reacting below our pivot level at 1.13807 which is in line with 38.2% Fibonacci retracement levelhorizontal overlap resistance. Price can potentially take support at 1.11873, which is in line with 127.2% Fibonacci extension levelhorizontal overlap support. Alternatively, price may rise up to our resistance at 1.14534, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the RSI support level .
Pivot:
1.13807
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap resistance
1st Support:
1.11873
Why we like it:
127.2% Fibonacci extension levelhorizontal overlap support
1st Resistance:
1.14534
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap resistance
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.