We’re seeing strong resistance at 0.7698 to 0.7741
(50% Fibonacci retracement
, 61.8% Fibonacci retracement
, 38.2% Fibonacci retracement
, horizontal swing high resistance, horizontal overlap resistance) and a strong reaction could occur at this level. Our next major level of resistance is at 0.7796
(breakout resistance, Fibonacci retracement
) with our next major level of support at 0.7502
( Fibonacci extension
, horizontal swing low support).
(34,3,1) is seeing major resistance below 95% where a strong corresponding reaction could occur.
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