EURUSD is facing bullish pressure. Potential for more upside.
Description:
Price is approaching at our pivot of 1.21707. We expect a medium probability from our pivot towards our 1st resistance at 1.21911. Otherwise, a break below the pivot should see price swing towards 1st support at 1.21621. It is noteworthy that price is trending above the moving average and MACD is above the 0 line, in line with our analysis.
Pivot: 1.21707
Supporting Points:
61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap.
1st Support: 1.21621
Supporting Points:
78.6% Fibonacci retracement, 78.6%, 161.8% Fibonacci extension and horizontal graphical overlap support.
1st Resistance: 1.21911
Supporting Points:
-27% fibonacci retracement, 100% Fibonacci extension and horizontal graphical resistance.
Trading FX & CFDs carries high risk.
Price is approaching at our pivot of 1.21707. We expect a medium probability from our pivot towards our 1st resistance at 1.21911. Otherwise, a break below the pivot should see price swing towards 1st support at 1.21621. It is noteworthy that price is trending above the moving average and MACD is above the 0 line, in line with our analysis.
Pivot: 1.21707
Supporting Points:
61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal graphical overlap.
1st Support: 1.21621
Supporting Points:
78.6% Fibonacci retracement, 78.6%, 161.8% Fibonacci extension and horizontal graphical overlap support.
1st Resistance: 1.21911
Supporting Points:
-27% fibonacci retracement, 100% Fibonacci extension and horizontal graphical resistance.
Trading FX & CFDs carries high risk.