USDCHF
Description
Price is approaching pivot level of 0.92288, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. A reversal from this level may see price take resistance at price 0.93227. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.9186461.8% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.92288
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91864
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93227
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching pivot level of 0.92288, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. A reversal from this level may see price take resistance at price 0.93227. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.9186461.8% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.92288
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91864
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93227
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
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