Description:
Price is testing our pivot of 0.76716. We could see a medium-probability bearish scenario, from our Pivot towards 1st resistance at 0.76920. Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.76514. Do note that price is trending above the moving average, and MACD is above the 0 line, in line with our bullish view.
Pivot: 0.76716
Supporting Points:
100%, 161.8% fibonacci retracement and horizontal graphical overlap.
1st Support: 0.76514
Supporting Points:
78.6% fibonacci extension, 38.2% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.76920
Supporting Points:
127% Fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is testing our pivot of 0.76716. We could see a medium-probability bearish scenario, from our Pivot towards 1st resistance at 0.76920. Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.76514. Do note that price is trending above the moving average, and MACD is above the 0 line, in line with our bullish view.
Pivot: 0.76716
Supporting Points:
100%, 161.8% fibonacci retracement and horizontal graphical overlap.
1st Support: 0.76514
Supporting Points:
78.6% fibonacci extension, 38.2% fibonacci retracement and horizontal graphical overlap.
1st Resistance: 0.76920
Supporting Points:
127% Fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.