Price is approaching our pivot level at 1.16532 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level. Price can potentially bounce to resistance at 1.17120, which is in line with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at support level where previous bounces occurred. Alternatively, price may drop to our support at 1.16134, which coincides with -27.2% Fibonacci retracement level and 100% Fibonacci extension level.
Pivot: 1.16532
Why we like it: -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level
1st Support: 1.16134
Why we like it: -27.2% Fibonacci retracement level and 100% Fibonacci extension level
1st Resistance: 1.17120
Why we like it: 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level