#EURUSD approaching pivot, potential for a drop!
Description
Price is reacting below our pivot level at 1.13452 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level. Price can potentially take support at 1.12791, which is in line with horizontal swing low support, 78.6% Fibonacci retracement level. Alternatively, price may rise up to our resistance at 1.1363, which coincides with horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.13452
Why we like it:
horizontal overlap resistance, 61.8% Fibonacci retracement level
1st Support:
1.12791
Why we like it:
horizontal swing low support, 78.6% Fibonacci retracement level
1st Resistance:
1.13630
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price is reacting below our pivot level at 1.13452 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level. Price can potentially take support at 1.12791, which is in line with horizontal swing low support, 78.6% Fibonacci retracement level. Alternatively, price may rise up to our resistance at 1.1363, which coincides with horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
1.13452
Why we like it:
horizontal overlap resistance, 61.8% Fibonacci retracement level
1st Support:
1.12791
Why we like it:
horizontal swing low support, 78.6% Fibonacci retracement level
1st Resistance:
1.13630
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.