Description
Price is testing our Pivot of 109.472 which is in line with 88.6% fibonacci retracement , 100% fibonacci extension and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 109.094 in line with 127% fibonacci retracement , 100% fibonacci extension and horizontal graphical overlap. It is worth noting that price is under the moving average,in line with our bearish analysis. Pivot: 109.472
Why we like it:
88.6% fibonacci retracement , 100% fibonacci extension and horizontal graphical overlap 1st Support: 109.094
Why we like it:
127% fibonacci retracement , 100% fibonacci extension and horizontal graphical overlap 1st Resistance: 109.749
Why we like it:
50% fibonacci retracement and 61.8% fibonacci extension Trading FX & CFDs carries high risk.



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