Description
Price has broken above our pivot level at 1.11774 which is in line with 161.8% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.13807, which coincides with horizontal overlap resistance. Finally, we can expect price to take support at 1.10014, which coincides with 78.6% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
1.11774
Why we like it:
161.8% Fibonacci extension levelhorizontal swing low support
1st Support:
1.10014
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.13807
Why we like it:
horizontal overlap resistance
Trading FX & CFDs carries high risk.
Price has broken above our pivot level at 1.11774 which is in line with 161.8% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.13807, which coincides with horizontal overlap resistance. Finally, we can expect price to take support at 1.10014, which coincides with 78.6% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
1.11774
Why we like it:
161.8% Fibonacci extension levelhorizontal swing low support
1st Support:
1.10014
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
1.13807
Why we like it:
horizontal overlap resistance
Trading FX & CFDs carries high risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.