Price is reacting below our pivot level at 0.69427 which is in line with 38.2% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap resistance. Price can potentially take support at 0.68616, which is in line with -27.2%Fibonacci retracement level. Alternatively, price may rise up to our resistance at 0.69786, which coincides with 61.8% Fibonacci retracement level, 127.2% Fibonacci retracement level & horizontal overlap resistance . This is further supported by how MACD is below the 0 line.
Pivot: 0.69427
Why we like it: 38.2% Fibonacci retracement level, 78.6% Fibonacci extension level & horizontal overlap resistance