Description: Price drifted sideways but currently still holding above moving average and MACD indicator is above 0, showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 1.21415, with 1st resistance at 1.22009 as a possible target. Failure to hold above pivot at 1.21415 would see price swing the other way towards 1st support at 1.21102.
Pivot: 1.21415 Supporting Points: 23.6% Fibonacci retracement, Moving average support
1st Support: 1.21102 Supporting Points: 88% and 50% Fibonacci retracement
1st Resistance: 1.21782 Supporting Points: -27% Fibonacci retracement, 100% Fibonacci extension Trading FX & CFDs carries high risk.