Description Price has bounced from our Pivot point at 0.90424, which is in line with 38.2% fibonacci retracement, 76.4%, 100% Fibonacci extension and horizontal graphical overlap. We could potentially see price rise from our Pivot point towards our 1st resistance level at 0.90974, a fibonacci confluence. It is worth noting that the price is above the Ichimoku cloud, in line with our bullish analysis.
Pivot: 0.90424 Why we like it: 38.2% fibonacci retracement, 76.4%, 100% Fibonacci extension and horizontal graphical overlap
1st Support: 0.90084 Why we like it: -27%, 61.8% fibonacci retracement, 61.8%, 127% fibonacci extension and horizontal graphical overlap
1st Resistance: 0.90974 Why we like it: -27%, 127% fibonacci retracement, 161.8% fibonacci extension and horizontal swing high resistance. Trading FX & CFDs carries high risk.