Price is testing our pivot, in line with our graphical swing low support, 38.2%, 76.4% Fibonacci retracement and 127.2% Fibonacci extension. We expect a medium probability bounce from our pivot towards our 1st resistance at 1.22429. Otherwise, a break below the pivot should see price swing towards 1st support 1.21096. It is worth noting that price is holding above both the ascending trendline and Ichimoku cloud in line with our bullish bias.
Pivot: 1.21562
Supporting Points:
38.2%, 76.4% Fibonacci retracement, 127.2% Fibonacci extension and graphical swing low support
1st Support: 1.21096
Supporting Points:
61.8% Fibonacci retracement, 200% Fibonacci extension and graphical swing low support
1st Resistance: 1.22429
Supporting Points:
78.6% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21562
Supporting Points:
38.2%, 76.4% Fibonacci retracement, 127.2% Fibonacci extension and graphical swing low support
1st Support: 1.21096
Supporting Points:
61.8% Fibonacci retracement, 200% Fibonacci extension and graphical swing low support
1st Resistance: 1.22429
Supporting Points:
78.6% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.