#EURUSD, H4 is above our Pivot point, potential for a rise.
Price is above our Pivot point at 1.22042, in line with 50% fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.22503, which is in line with 100%, 127% fibonacci extension and horizontal swing high resistance. Note that price is trending above the Ichimoku cloud support, in line with our bullish analysis.
Pivot: 1.22042
Why we like it:
50% fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21718
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.22503
Why we like it:
100%, 127% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.22042
Why we like it:
50% fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap
1st Support: 1.21718
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.22503
Why we like it:
100%, 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.