Price is trending within a Daily ascending channel and above the Daily descending trendline now support and below the 1st resistance at 0.74313 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. Price could potentially bearish from 1st resistance at 0.74313 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension to 1st support at 0.73601 in line with Horizontal swing low and 61.8% Fibonacci extension. Our bearish bias is further supported by how Price is holding below the Ichimoku cloud and RSI is abiding to a descending trendline. Otherwise price may continue to bullish to 2nd resistance at 0.74708 in line with Horizontal swing high and 200% Fibonacci extension
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.