EURUSD, H4 bounced from our Pivot point, potential for a rise.
Price is testing our Pivot point at 1.21137, in line with 61.8% Fibonacci retracement, 100%, 76.4% Fibonacci extension, and horizontal graphical area, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.21568.
Pivot: 1.21137
Why we like it:
61.8% Fibonacci retracement, 100%, 76.4% Fibonacci extension, and horizontal graphical area
1st Support: 1.20967
Why we like it:
50% Fibonacci retracement, 50% and 78.6% Fibonacci extension.
1st Resistance: 1.21568
Why we like it:
78.6% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Pivot: 1.21137
Why we like it:
61.8% Fibonacci retracement, 100%, 76.4% Fibonacci extension, and horizontal graphical area
1st Support: 1.20967
Why we like it:
50% Fibonacci retracement, 50% and 78.6% Fibonacci extension.
1st Resistance: 1.21568
Why we like it:
78.6% Fibonacci retracement, 88% 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.