EURUSD, is approaching our pivot. Potential for a bounce.
Description:
Price is approaching our pivot of 1.21340, in line with our 61.8% Fibonacci extension and graphical swing low support. A rise from our pivot towards 1st resistance at 1.22192 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.20901. It's noteworthy that the Stochastic indicator is approaching the support level at 5.06%.
Pivot: 1.21340
Supporting Points:
61.8% Fibonacci extension and graphical swing low support
1st Support: 1.20901
Supporting Points:
161.8% Fibonacci retracement and 61.8% Fibonacci extension
1st Resistance: 1.22192
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is approaching our pivot of 1.21340, in line with our 61.8% Fibonacci extension and graphical swing low support. A rise from our pivot towards 1st resistance at 1.22192 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.20901. It's noteworthy that the Stochastic indicator is approaching the support level at 5.06%.
Pivot: 1.21340
Supporting Points:
61.8% Fibonacci extension and graphical swing low support
1st Support: 1.20901
Supporting Points:
161.8% Fibonacci retracement and 61.8% Fibonacci extension
1st Resistance: 1.22192
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.