Description Price has bounced from our Pivot point at 0.92831, which is in line with 78.6%, 38.2% Fibonacci retracement and horizontal graphical support. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.94500, in line with -61.8%, -27%, 161.8% and 127% fibonacci retracement level. It is worth noting that our 1st resistance is in confluence with the bigger time frame fibonacci as well.
Pivot: 0.92831 Why we like it: 78.6%, 38.2% Fibonacci retracement and horizontal graphical support
1st Support: 0.91890 Why we like it: 161.8%, 78.6% fibonacci retracement level and horizontal graphical overlap.
1st Resistance: 0.94500 Why we like it: -61.8%, -27%, 161.8% and 127% fibonacci retracement level. Trading FX & CFDs carries high risk.