Description
Price is currently testing our Pivot point at 0.89010, which is in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.88633, a fibonacci confluence. It is worth noting that the price is under the Ichimoku clouds as well as the descending trendline, in line with our bearish analysis.
Pivot: 0.89010
Why we like it:
78.6% Fibonacci retracement, 100% Fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
161.8%, 88% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.89313
Why we like it:
23.6%, 78.6% fibonacci retracement and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is currently testing our Pivot point at 0.89010, which is in line with 78.6% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price drop from our Pivot point towards our 1st support level at 0.88633, a fibonacci confluence. It is worth noting that the price is under the Ichimoku clouds as well as the descending trendline, in line with our bearish analysis.
Pivot: 0.89010
Why we like it:
78.6% Fibonacci retracement, 100% Fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 0.88633
Why we like it:
161.8%, 88% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.89313
Why we like it:
23.6%, 78.6% fibonacci retracement 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.