Description
Price has broken above our pivot level at 1.12795 which is in line with horizontal swing low support, 78.6% Fibonacci retracement level . We could potentially see a further rise from here towards 1.13881, which coincides with 127.2% Fibonacci extension level and horizontal swing high resistance. Alternatively, we may see price break pivot structure and drop to 1st support at 1.1233, which coincides with horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
1.12795
Why we like it:
horizontal swing low support and 78.6% Fibonacci retracement level
1st Support:
1.12330
Why we like it:
horizontal swing low support
1st Resistance:
1.13881
Why we like it:
127.2% Fibonacci extension level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 1.12795 which is in line with horizontal swing low support, 78.6% Fibonacci retracement level . We could potentially see a further rise from here towards 1.13881, which coincides with 127.2% Fibonacci extension level and horizontal swing high resistance. Alternatively, we may see price break pivot structure and drop to 1st support at 1.1233, which coincides with horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
1.12795
Why we like it:
horizontal swing low support and 78.6% Fibonacci retracement level
1st Support:
1.12330
Why we like it:
horizontal swing low support
1st Resistance:
1.13881
Why we like it:
127.2% Fibonacci extension level and horizontal swing high 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.