Falling to 61.8% Fibonacci Support

Title
Falling to 61.8% Fibonacci Support

Type
Bullish Bounce

Preference:
Price is falling towards the pivot point of 0.88249 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.88931 which is a pullback resistance level.

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 0.88041 which is a pullback support that aligns with the 78.6% Fibonacci retracement level.

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Source: Tickmill

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Falling to 61.8% Fibonacci Support

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