Description:
Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 23.8229, with 1st resistance at 25.0226 as a possible target. Failure to hold above pivot at 23.8229 would see price swing the other way towards 1st support at 23.5266.
Pivot: 23.8229
Supporting Points:
23.6% Fibonacci retracement, Graphical swing low support, 100% Fibonacci extension
1st Support: 23.5266
Supporting Points:
38.2% Fibonacci retracement, Graphical overlap support
1st Resistance: 25.0226
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 23.8229, with 1st resistance at 25.0226 as a possible target. Failure to hold above pivot at 23.8229 would see price swing the other way towards 1st support at 23.5266.
Pivot: 23.8229
Supporting Points:
23.6% Fibonacci retracement, Graphical swing low support, 100% Fibonacci extension
1st Support: 23.5266
Supporting Points:
38.2% Fibonacci retracement, Graphical overlap support
1st Resistance: 25.0226
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
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.
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.