Price is approaching pivot point at 113.778 which is in line with 23.6% Fibonacci retracement level & horizontal overlap support. A break and close below this level could see a price swing towards 1st support at 112.098.This level is in line with 161.8% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 114.235, which coincides with , 61.8% Fibonacci extension level . This is further supported by how price is likely to reverse off the RSI resistance level.
Pivot: 113.778 Why we like it: 23.6% Fibonacci retracement level & horizontal overlap support
1st Support: 112.098 Why we like it: 161.8% Fibonacci extension level, 61.8% Fibonacci retracement level & horizontal overlap support
1st Resistance: 114.235 Why we like it: , 61.8% Fibonacci extension level