Description:
Price is reversing from our Pivot point at 1.34242, which is in line with our 61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area. We could potentially see price drop from this level, towards our 1st support level at 1.33077 in line with 127% fibonacci extension and 61.8% fibonacci retracement. It is worth noting that price is currently trending below a descending trendline and is currently under the EMA (55) in line with our bearish analysis.
Pivot: 1.34242
Why we like it:
61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area
1st Support: 1.33077
Why we like it:
127% fibonacci extension and 61.8% fibonacci retracement.
1st Resistance: 1.34962
Why we like it:
61.8% fibonacci extension and 88% fibonacci retracement
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot point at 1.34242, which is in line with our 61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area. We could potentially see price drop from this level, towards our 1st support level at 1.33077 in line with 127% fibonacci extension and 61.8% fibonacci retracement. It is worth noting that price is currently trending below a descending trendline and is currently under the EMA (55) in line with our bearish analysis.
Pivot: 1.34242
Why we like it:
61.8%, 78.6% Fibonacci retracement and horizontal graphical overlap area
1st Support: 1.33077
Why we like it:
127% fibonacci extension and 61.8% fibonacci retracement.
1st Resistance: 1.34962
Why we like it:
61.8% fibonacci extension and 88% fibonacci retracement
Trading FX & CFDs carries high risk.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.