Description Price is testing our Pivot of 104.605, which is in line with 78.6%, 78.6% fibonacci retracement and horizontal graphical overlap, where we could see a potential drop from this level to our first support level of 104.099, which is in line with -27%, 78.6% fibonacci retracement and 61.8% fibonacci extension.
Pivot: 104.605 Why we like it: 78.6%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Support: 104.099 Why we like it: -27%, 78.6% fibonacci retracement and 61.8% fibonacci extension
1st Resistance: 104.980 Why we like it: -27%, 38.2% and 50% fibonacci retracement. Trading FX & CFDs carries high risk.