Price is approaching pivot level of 1.36727 where we have 50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support lining up. A reversal from this level might see price take support at 1.34217, which is in line with 161.8% Fibonacci retracement levelhorizontal swing low support. Finally, price is unlikely to surpass our strong resistance at 1.37346, which coincides with 61.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap support . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot: 1.36727 Why we like it: 50.0% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap support
1st Support: 1.34217 Why we like it: 161.8% Fibonacci retracement levelhorizontal swing low support
1st Resistance: 1.37346 Why we like it: 61.8% Fibonacci retracement level, 100% Fibonacci extension level & horizontal overlap support