Price has bounced from our Pivot point of 0.71919, which is in line with 23.6%, 50% Fibonacci retracement , 61.8% fibonacci extension , moving average support and horizontal graphical overlap. A potential rise from here towards our first resistance level of 0.72626, in line with the 88% fibonacci retracement , 161.8% fibonacci extension and horizontal graphical area. It is worth noting that price is trending above the descending trendline support and moving average, in line with our bullish analysis. Description: Pivot: 0.71919
Why we like it:
23.6%, 50% Fibonacci retracement , 61.8% fibonacci extension , moving average support and horizontal graphical overlap 1st Support: 0.71387
Why we like it:
61.8% fibonacci retracement , 127% fibonacci extension and horizontal swing low. 1st Resistance: 0.72626
Why we like it:
61.8%, 127% fibonacci retracement and horizontal graphical overlap Trading FX & CFDs carries high risk.



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