EURUSD, H4 has bounced off our Pivot point, potential for a rise
Price has bounced off our Pivot point at 1.20247, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and descending trendline support, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.20775, which is in line with 100% fibonacci extension and horizontal swing high. Note that price is trending above the broken descending trendline resistance turned support, in line with our bullish analysis.
Pivot: 1.20247
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and descending trendline support
1st Support: 1.19837
Why we like it:
78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.20775
Why we like it:
100% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Pivot: 1.20247
Why we like it:
38.2% Fibonacci retracement, 61.8% Fibonacci extension and descending trendline support
1st Support: 1.19837
Why we like it:
78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 1.20775
Why we like it:
100% fibonacci extension and horizontal swing high
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.