Type:
Bullish Rise
Key Levels:
Resistance: 0.92482
Pivot: 0.92249
Support: 0.92026
Preferred Case:
We can expect price to push further upwards from the pivot level in line with 61.8% fibonacci retracement towards the 1st Resistance level in line with 161.8% Fibonacci projection.
Alternative Scenario:
Alternatively, price and drop down to the 1st Support in line with 23.6% Fibonacci retracement.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.