is approaching our first support at 0.9576 (horizontal overlap support, 61.8% Fibonacci retracement
, 61.8% Fibonacci extension
) which coincides with our short term ascending support line. A strong bounce could occur above this level, pushing price up to our major resistance at 0.9639 (horizontal swing high resistance). Ichimoku cloud
is also showing signs of bullish
pressure, in line with our bullish
(89) is also approaching our major ascending support and a bounce off this level might be a good precursor for a potential rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.