#EURUSD, H4 is approaching our Pivot point, potential for a long
Price is approaching our Pivot point at 1.21794, in line with 61.8%, 78.6% fibonacci retracement and horizontal swing low, where we could potentially see a bounce from our pivot towards our 1st resistance level at 1.22598, which is in line with -61.8%, 78.6% fibonacci extension and horizontal swing high resistance. Note that price is trending above the bullish trendline, in line with our bullish analysis.
Pivot: 1.21794
Why we like it:
61.8%, 78.6% fibonacci retracement and horizontal graphical support.
1st Support: 1.21307
Why we like it:
161.8%, 100%% fibonacci extension and horizontal swing low.
1st Resistance: 1.22598
Why we like it:
-61.8%, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Pivot: 1.21794
Why we like it:
61.8%, 78.6% fibonacci retracement and horizontal graphical support.
1st Support: 1.21307
Why we like it:
161.8%, 100%% fibonacci extension and horizontal swing low.
1st Resistance: 1.22598
Why we like it:
-61.8%, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
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