EURUSD, H4 bounced from our Pivot point, potential for a rise.
Price is testing our Pivot point at 1.21137, in line with 61.8% Fibonacci retracement, 100%, 76.4% Fibonacci extension, and horizontal graphical area, where we could potentially see a rise from our pivot towards our 1st resistance level at 1.21568.
Pivot: 1.21137
Why we like it:
61.8% Fibonacci retracement, 100%, 76.4% Fibonacci extension, and horizontal graphical area
1st Support: 1.20967
Why we like it:
50% Fibonacci retracement, 50% and 78.6% Fibonacci extension.
1st Resistance: 1.21568
Why we like it:
78.6% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Pivot: 1.21137
Why we like it:
61.8% Fibonacci retracement, 100%, 76.4% Fibonacci extension, and horizontal graphical area
1st Support: 1.20967
Why we like it:
50% Fibonacci retracement, 50% and 78.6% Fibonacci extension.
1st Resistance: 1.21568
Why we like it:
78.6% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
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