EURUSD, H4 is approaching our Pivot point, potential for a rise
Price is approaching our Pivot point at 1.20251, in line with 78.6% Fibonacci retracement, 88% fibonacci extension, and horizontal graphical area, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.21469, 61.8% and -27% Fibonacci retracement.
Pivot: 1.20251
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension, and horizontal graphical area
1st Support: 1.19627
Why we like it:
127% Fibonacci retracement, 127%, 61.8% fibonacci extension and horizontal swing low support
1st Resistance: 1.21469
Why we like it:
61.8% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
Pivot: 1.20251
Why we like it:
61.8% Fibonacci retracement, 100% fibonacci extension, and horizontal graphical area
1st Support: 1.19627
Why we like it:
127% Fibonacci retracement, 127%, 61.8% fibonacci extension and horizontal swing low support
1st Resistance: 1.21469
Why we like it:
61.8% and -27% Fibonacci retracement.
Trading FX & CFDs carries high risk.
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