We’re seeing price test a 1.9279 resistance level which is an overlap resistance along with a 23.6% Fibonacci retracement . A reversal from here could see prices drop all the way down to major support at 1.9011 which is a swing low support + 78.6% Fibonacci retracement .
However, it’s worth noting there’s a key support level at 1.9168 which is an overlap support that lines up with the 61.8% Fibonacci retracement . This level needs to be broken to potentially trigger the bigger move down to 1.9011.
The material has been provided by InstaForex Company – www.instaforex.com
We’re seeing price test a 1.9279 resistance level which is an overlap resistance along with a 23.6% Fibonacci retracement . A reversal from here could see prices drop all the way down to major support at 1.9011 which is a swing low support + 78.6% Fibonacci retracement .
However, it’s worth noting there’s a key support level at 1.9168 which is an overlap support that lines up with the 61.8% Fibonacci retracement . This level needs to be broken to potentially trigger the bigger move down to 1.9011.
The material has been provided by InstaForex Company – www.instaforex.com
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