Description:
Price is currently reversing from our Pivot point at 1.25954, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area. We could potentially see price drop here towards our 1st support level at 1.24620, a fibonacci confluence. It is worth noting that the MACD line has just crossed the signal line, hinting of a reversal in line with our analysis.
Pivot: 1.25954
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
1st Support: 1.24620
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.27069
Why we like it:
88% Fibonacci retracement, descending trendline resistance and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is currently reversing from our Pivot point at 1.25954, which is in line with 61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area. We could potentially see price drop here towards our 1st support level at 1.24620, a fibonacci confluence. It is worth noting that the MACD line has just crossed the signal line, hinting of a reversal in line with our analysis.
Pivot: 1.25954
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
1st Support: 1.24620
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.27069
Why we like it:
88% Fibonacci retracement, descending trendline resistance and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.