Description:
Price is approaching our pivot, which is in line with our graphical swing low support, 78.6% Fibonacci extension and 61.8% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 25.4560, with 1st resistance at 25.8955 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 25.1125.
Pivot: 25.4560
Supporting Points:
78.6% Fibonacci extension, 61.8% Fibonacci retracement and graphical swing low support
1st Support: 25.1125
Supporting Points:
161.8% Fibonacci extension and graphical swing low support
1st Resistance: 25.8955
Supporting Points:
61.8% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching our pivot, which is in line with our graphical swing low support, 78.6% Fibonacci extension and 61.8% Fibonacci retracement. We see a medium probability bullish scenario above our pivot at 25.4560, with 1st resistance at 25.8955 as a possible target. Failure to hold above pivot would see price swing the other way towards 1st support at 25.1125.
Pivot: 25.4560
Supporting Points:
78.6% Fibonacci extension, 61.8% Fibonacci retracement and graphical swing low support
1st Support: 25.1125
Supporting Points:
161.8% Fibonacci extension and graphical swing low support
1st Resistance: 25.8955
Supporting Points:
61.8% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.