Type : Bullish rise
Resistance :1.1609
Pivot:1.1504
Support : 1.1445
Preferred Case: On the H4, with the price pullback from the support, breaking the descending trendline, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.1504, where the current price is to the 1st resistance at 1.1609 where the overlap resistance and 38.2% Fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the support at 1.1445, where the swing low is.
Fundamentals: Halifax HPI m/m is out today, which is better than the expectation and previous data.
Resistance :1.1609
Pivot:1.1504
Support : 1.1445
Preferred Case: On the H4, with the price pullback from the support, breaking the descending trendline, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.1504, where the current price is to the 1st resistance at 1.1609 where the overlap resistance and 38.2% Fibonacci retracement are.
Alternative scenario: Alternatively, price could drop to the support at 1.1445, where the swing low is.
Fundamentals: Halifax HPI m/m is out today, which is better than the expectation and previous data.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.