Description Price has broken above our pivot level at 1.16393 which is in line with 50.0% Fibonacci retracement levelhorizontal overlap support . We could potentially see a further rise from here towards 1.16872, which coincides with horizontal swing high resistance, 127.2% Fibonacci extension level. Finally, we can expect price to take support at 1.1619, which coincides with 38.2% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot: 1.16393 Why we like it: 50.0% Fibonacci retracement levelhorizontal overlap support
1st Support: 1.16190 Why we like it: 38.2% Fibonacci retracement levelhorizontal overlap support
1st Resistance: 1.16872 Why we like it: horizontal swing high resistance, 127.2% Fibonacci extension level
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