Description Price is testing our Pivot point at 1874.72 which is in line with our 38.2%, 50% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap. We could potentially see a bullish breakout from our Pivot point towards our 1st resistance level at 1905.15, which is in line with 61.8%, 78.6% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap. It is worth noting that MACD is above the 0 line, showing bullish pressure.
Pivot: 1874.72 Why we like it: 38.2%, 50% Fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 1852.90 Why we like it: 23.8%, 50% fibonacci retracement and horizontal graphical support.
1st Resistance: 1905.15 Why we like it: 61.8%, 78.6% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap Trading FX & CFDs carries high risk.