Approaching support, prepare to buy on weakness
Price is approaching our major support at 0.7653 (horizontal overlap support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 0.7843 (76.4% Fibonacci retracement, horizontal overlap resistance, 100% Fibonacci extension).
Stochastic (89,5,3) is also approaching our major support level, a good precursor of a potential rise in price should it bounce off this level.
Stochastic (89,5,3) is also approaching our major support level, a good precursor of a potential rise in price should it bounce off this level.
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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.