Price is approaching our first support at 0.75786, which is in line with our 78.6% Fibonacci extension, 50% Fibonacci retracement and horizontal pullback support. It could potentially bounce from here and rise further to our first resistance at 0.76398, in line with our 127.2% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Stochastic indicator is approaching the support level at 4.98 as well.
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.