Price is approaching pivot level at 1.36876 which is in line with -27.2% Fibonacci retracement level and 100% Fibonacci extension. Price may potentially swing towards our resistance at 1.377736, which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Alternatively, price may drop to our support at 1.36215 which is in line with -61.8% Fibonacci retracement and 127.2% Fibonacci extension level.
Pivot: 1.36876
Why we like it: -27.2% Fibonacci retracement level and 100% Fibonacci extension