#EURUSD approaching pivot, potential for a rise!
Description
Price is at our pivot area at 0.90921 which is in line with 100% Fibonacci projection level and horizontal swing low support . With price at the support of the stochastics indicator, We could potentially see a further rise from here towards 0.91497, which coincides with 38.2% Fibonacci retracement level and horizontal overlap resistance. Alternatively, we may see price break picot structure and drop to 1st support at 0.90547, which coincides with 127.2% Fibonacci extension level .
Pivot:
0.90921
Why we like it:
100% Fibonacci projectionextension level and horizontal swing low support
1st Support:
0.90547
Why we like it:
127.2% Fibonacci extension level
1st Resistance:
0.91497
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price is at our pivot area at 0.90921 which is in line with 100% Fibonacci projection level and horizontal swing low support . With price at the support of the stochastics indicator, We could potentially see a further rise from here towards 0.91497, which coincides with 38.2% Fibonacci retracement level and horizontal overlap resistance. Alternatively, we may see price break picot structure and drop to 1st support at 0.90547, which coincides with 127.2% Fibonacci extension level .
Pivot:
0.90921
Why we like it:
100% Fibonacci projectionextension level and horizontal swing low support
1st Support:
0.90547
Why we like it:
127.2% Fibonacci extension level
1st Resistance:
0.91497
Why we like it:
38.2% Fibonacci retracement level and horizontal 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.