Price is facing bullish pressure as it continues to hold above the Ichimoku cloud in line with our analysis. We expect a medium probability bullish rise from our pivot towards our 1st resistance at 1.21456. Otherwise, a break below the pivot should see price swing towards 1st support at 1.21293.
Pivot: 1.21456
Supporting Points:
61.8% Fibonacci retracement, 50% Fibonacci extension and graphical swing low support
1st Support: 1.21293
Supporting Points:
61.8% Fibonacci retracement, 78.6% Fibonacci extension and graphical pullback support
1st Resistance: 1.21800
Supporting Points:
50%, 127.2% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21456
Supporting Points:
61.8% Fibonacci retracement, 50% Fibonacci extension and graphical swing low support
1st Support: 1.21293
Supporting Points:
61.8% Fibonacci retracement, 78.6% Fibonacci extension and graphical pullback support
1st Resistance: 1.21800
Supporting Points:
50%, 127.2% Fibonacci extension and graphical swing high resistance
Trading FX & CFDs carries high risk.