Description: Price is bouncing from our Pivot point at 1.39387, in line with 23.6%, 61.8%, 38.2% Fibonacci retracement, Ichimoku cloud support, and horizontal graphical overlap. Where we could potentially see a rise from our pivot towards our 1st resistance level at 1.40627, in line with -61.8%, 61.8% and 127% fibonacci retracement. Note that price is trending above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 1.39387 Why we like it: 23.6%, 61.8%, 38.2% Fibonacci retracement, Ichimoku cloud support, and horizontal graphical overlap
1st Support: 1.38550 Why we like it: 78.6% fibonacci retracement, 88% fibonacci extension and graphical swing low support
1st Resistance: 1.40627 Why we like it: -61.8%, 61.8% and 127% fibonacci retracement