Price is testing our Pivot point at 1.21388, in line with 100%, 127% Fibonacci extension, 78.6% fibonacci retracement, descending trendline resistance and horizontal graphical area, where we could potentially see a drop from our pivot towards our 1st support level at 1.20379.
Pivot: 1.21388 Why we like it: 100%, 127% Fibonacci extension, 78.6% fibonacci retracement, descending trendline resistance and horizontal graphical area
1st Support: 1.20379 Why we like it: 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal graphical overlap.
1st Resistance: 1.21363 Why we like it: -27% Fibonacci retracement, 161.8% Fibonacci extension and horizontal swing high resistance.