On the H1 time frame, prices are approaching the resistance zone at 0.6750 in line with the Fibonacci retracement where a pullback to this zone could present an opportunity to play the drop to the support zone at 0.6650. The 0.6650 support zone coincides with the graphical swing low. Stochastic is approaching resistance at 93.39 where we could see a reversal below this level, in line with prices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.