Price is facing bearish pressure from our pivot level, in line with our 50% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap resistance where we could see a further drop below this level to our first support target. Ichimoku cloud and 50 EMA are showing signs of bearish pressure as well, in line with our bearish bias.
Pivot: 3785.4
Supporting Points:
50% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap resistance
1st Support: 3725.1
Supporting Points:
61.8% fibonacci retracement, 100% fibonacci extension and graphical overlap support
1st Resistance: 3826.2
Supporting Points:
161.8% Fibonacci extension
Trading FX & CFDs carries high risk.
Pivot: 3785.4
Supporting Points:
50% fibonacci retracement, 78.6% fibonacci extension and horizontal overlap resistance
1st Support: 3725.1
Supporting Points:
61.8% fibonacci retracement, 100% fibonacci extension and graphical overlap support
1st Resistance: 3826.2
Supporting Points:
161.8% Fibonacci extension
Trading FX & CFDs carries high risk.