Description:
Price broke above moving average and is holding above 23.6% Fibonacci retracement and our Pivot at 3841. A limited push up towards 1st resistance at 3872.9 could be possible. Otherwise, failure to hold above pivot could see price swing towards recent swing low and 61.8% Fibonacci retracement at 1st support 3817.8
Pivot: 3841
Supporting Points:
23.6% Fibonacci retracement and moving average support
1st Support: 3817.8
Supporting Points:
61.8% Fibonacci retracement and Graphical swing low support
1st Resistance: 3872.9
Supporting Points:
-27.2% Fibonacci extension
Trading FX & CFDs carries high risk.
Price broke above moving average and is holding above 23.6% Fibonacci retracement and our Pivot at 3841. A limited push up towards 1st resistance at 3872.9 could be possible. Otherwise, failure to hold above pivot could see price swing towards recent swing low and 61.8% Fibonacci retracement at 1st support 3817.8
Pivot: 3841
Supporting Points:
23.6% Fibonacci retracement and moving average support
1st Support: 3817.8
Supporting Points:
61.8% Fibonacci retracement and Graphical swing low support
1st Resistance: 3872.9
Supporting Points:
-27.2% Fibonacci extension
Trading FX & CFDs carries high risk.