Description:
Price is bouncing from our pivot at 0.79119, in line with 50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, moving average support and ascending trendline support. Where we could see a bounce above this level towards the 1st support. Otherwise, a break beneath this level may see price swing towards 1st resistance. Do note that price is trending above the moving average and ascending trendline, in line with our bullish analysis.
Pivot: 0.79119
Supporting Points:
50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, moving average support and ascending trendline support
1st Support: 0.78910
Supporting Points:
88%, 127% Fibonacci retracement, 100% fibonacci extension
1st Resistance: 0.79453
Supporting Points:
-61.8% Fibonacci retracement, 61.8%, 78.6% fibonacci extension and previous swing high resistance.
Trading FX & CFDs carries high risk.
Price is bouncing from our pivot at 0.79119, in line with 50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, moving average support and ascending trendline support. Where we could see a bounce above this level towards the 1st support. Otherwise, a break beneath this level may see price swing towards 1st resistance. Do note that price is trending above the moving average and ascending trendline, in line with our bullish analysis.
Pivot: 0.79119
Supporting Points:
50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, moving average support and ascending trendline support
1st Support: 0.78910
Supporting Points:
88%, 127% Fibonacci retracement, 100% fibonacci extension
1st Resistance: 0.79453
Supporting Points:
-61.8% Fibonacci retracement, 61.8%, 78.6% fibonacci extension and previous swing high resistance.
Trading FX & CFDs carries high risk.