Description:
Price is reversing towards our pivot at 0.76024, a fibonacci level as well as horizontal graphical overlap area. We could see a low-probability bullish scenario, with 1st resistance at 0.76245 as a potential target . Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.75859.
Pivot: 0.76024
Supporting Points:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical area.
1st Support: 0.75859
Supporting Points:
127%, 78.6% fibonacci retracement and horizontal graphical area.
1st Resistance: 0.76245
Supporting Points:
-27%, 161.8%, 127% Fibonacci retracement, and Horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is reversing towards our pivot at 0.76024, a fibonacci level as well as horizontal graphical overlap area. We could see a low-probability bullish scenario, with 1st resistance at 0.76245 as a potential target . Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.75859.
Pivot: 0.76024
Supporting Points:
61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical area.
1st Support: 0.75859
Supporting Points:
127%, 78.6% fibonacci retracement and horizontal graphical area.
1st Resistance: 0.76245
Supporting Points:
-27%, 161.8%, 127% Fibonacci retracement, and Horizontal swing high resistance.
Trading FX & CFDs carries high risk.
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