Description Price has broken above our pivot level at 1.12198 which is in line with 161.8% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.13807, which coincides with horizontal overlap resistance. Finally, we can expect price to take support at 1.10014, which coincides with 78.6% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot: 1.12198 Why we like it: 161.8% Fibonacci extension levelhorizontal swing low support
1st Support: 1.10014 Why we like it: 78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance: 1.13807 Why we like it: horizontal overlap resistance