Price is facing bearish pressure from our pivot, in line with the 23.6% fibonacci retracement and 78.6% fibonacci extension where we could see a further drop below this level to our first support target. Failure to hold below the pivot level could see prices swing towards our first resistance target at 1805.28.
Pivot: 1785.73
Supporting Points:
Graphical swing low support and 100% Fibonacci extension
1st Support: 1764.83
Supporting Points:
100% Fibonacci extension
1st Resistance: 1805.28
Supporting Points:
161.8% Fibonacci extension, 38.2% Fibonacci retracement
Trading FX & CFDs carries high risk.
Pivot: 1785.73
Supporting Points:
Graphical swing low support and 100% Fibonacci extension
1st Support: 1764.83
Supporting Points:
100% Fibonacci extension
1st Resistance: 1805.28
Supporting Points:
161.8% Fibonacci extension, 38.2% Fibonacci retracement
Trading FX & CFDs carries high risk.