EURUSD, H4 breaking our Pivot point, potential for a rise .
Description
Price is breaking our Pivot point of 1.22603, which is in line with our 61.8%, 88.6% fibonacci extension and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 1.24063, in line with a fibonacci confluence. It is noteworthy that price is trending above an ascending trendline and the Ichimoku cloud. Lastly, the MACD is above 0 line as well as showing bullish momentum, in line with our bullish view.
Pivot: 1.22603
Why we like it:
61.8%, 88.6% fibonacci extension and horizontal graphical overlap
1st Support: 1.21406
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical support
1st Resistance: 1.24063
Why we like it:
-61.8% Fibonacci retracement and 127% fibonacci extension
Trading FX & CFDs carries high risk.
Price is breaking our Pivot point of 1.22603, which is in line with our 61.8%, 88.6% fibonacci extension and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 1.24063, in line with a fibonacci confluence. It is noteworthy that price is trending above an ascending trendline and the Ichimoku cloud. Lastly, the MACD is above 0 line as well as showing bullish momentum, in line with our bullish view.
Pivot: 1.22603
Why we like it:
61.8%, 88.6% fibonacci extension and horizontal graphical overlap
1st Support: 1.21406
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical support
1st Resistance: 1.24063
Why we like it:
-61.8% Fibonacci retracement and 127% fibonacci extension
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.