EURUSD, H4 broken above our Pivot point, potential for a long.
Price has broken above our Pivot point at 1.19441, in line with 127% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.20172, which is in line with 127% fibonacci retracement and 61.8%, 78.6% fibonacci extension. Note that price is trendline above the moving average, in line with our bullish analysis.
Pivot: 1.19441
Why we like it:
127% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.18979
Why we like it:
50%, 78.6% fibonacci retracement and moving average support.
1st Resistance: 1.20172
Why we like it:
127% fibonacci retracement and 61.8%, 78.6% fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 1.19441
Why we like it:
127% Fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 1.18979
Why we like it:
50%, 78.6% fibonacci retracement and moving average support.
1st Resistance: 1.20172
Why we like it:
127% fibonacci retracement and 61.8%, 78.6% fibonacci extension
Trading FX & CFDs carries high risk.
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