Description:
Price is approaching our pivot level where the 50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance are. With Stochastics showing bearish pressure, it is possible to see a medium probability bearish scenario below pivot level, with 1st support at 103.698 as a potential target. Otherwise, failing to break above the pivot would see price swing towards 1st resistance where the 61.8% Fibonacci extension is.
Pivot: 103.890
Supporting Points:
50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance
1st Support: 103.698
Supporting Points:
50% Fibonacci extension & horizontal overlap support
1st Resistance: 103.992
Supporting Points:
61.8% Fibonacci extension and horizontal pullback resistance
Trading FX & CFDs carries high risk.
Price is approaching our pivot level where the 50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance are. With Stochastics showing bearish pressure, it is possible to see a medium probability bearish scenario below pivot level, with 1st support at 103.698 as a potential target. Otherwise, failing to break above the pivot would see price swing towards 1st resistance where the 61.8% Fibonacci extension is.
Pivot: 103.890
Supporting Points:
50% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing high resistance
1st Support: 103.698
Supporting Points:
50% Fibonacci extension & horizontal overlap support
1st Resistance: 103.992
Supporting Points:
61.8% Fibonacci extension and horizontal pullback resistance
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.