Description Price has broken above our pivot level at 1.1302 which is in line with 100% Fibonacci extension levelhorizontal swing low support . We could potentially see a further rise from here towards 1.15218, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance. Finally, we can expect price to take support at 1.1209, which coincides with 127.2% Fibonacci extension level . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot: 1.13020 Why we like it: 100% Fibonacci extension levelhorizontal swing low support
1st Support: 1.12090 Why we like it: 127.2% Fibonacci extension level
1st Resistance: 1.15218 Why we like it: 50.0% Fibonacci retracement levelhorizontal overlap resistance