Description:
Price is holding below the EMA (34) and trendline, showing bearish pressure. A further push down from our pivot 102.878 where the 50% Fibonacci retracement and horizontal swing high resistance are, towards first support at 102.602 is possible. Otherwise, failing to hold below pivot would see price swing towards 1st resistance where 61.8% Fibonacci retracement is.
Pivot: 102.878
Supporting Points:
the 50% Fibonacci retracement and horizontal swing high resistance
1st Support: 102.602
Supporting Points:
horizontal swing low support
1st Resistance: 103.066
Supporting Points:
the 76.4% Fibonacci retracement
Trading FX & CFDs carries high risk.
Price is holding below the EMA (34) and trendline, showing bearish pressure. A further push down from our pivot 102.878 where the 50% Fibonacci retracement and horizontal swing high resistance are, towards first support at 102.602 is possible. Otherwise, failing to hold below pivot would see price swing towards 1st resistance where 61.8% Fibonacci retracement is.
Pivot: 102.878
Supporting Points:
the 50% Fibonacci retracement and horizontal swing high resistance
1st Support: 102.602
Supporting Points:
horizontal swing low support
1st Resistance: 103.066
Supporting Points:
the 76.4% Fibonacci retracement
Trading FX & CFDs carries high risk.