#EURUSD, H4 bounced from our pivot, potential for rise
Price has bounced from our Pivot point at 1.21004, in line with 127% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap, where we could potentially see a push up from our pivot towards our 1st resistance level at 1.21561, which is in line with 61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap.
Pivot: 1.21004
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap
1st Support: 1.20722
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci retracement and horizontal swing low support
1st Resistance: 1.21561
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
Pivot: 1.21004
Why we like it:
127% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap
1st Support: 1.20722
Why we like it:
-27% fibonacci retracement, 161.8% fibonacci retracement and horizontal swing low support
1st Resistance: 1.21561
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
Trading FX & CFDs carries high risk.
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