Prices are facing bullish pressure from ascending trendline support which is in line with 61.8% Fibonacci retracement and 161.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance which is in line with 78.6% Fibonacci extension. If prices fall through pivot, prices might take support one 1st support which is a horizontal swing low support, in line with 50% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is below prices, showing a bullish pressure for prices.
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.