has reached our major resistance level
and is starting to react strongly off it. Major resistance to keep an eye out on remains at 89.75 (61.8% Fibonacci retracement
, 78.6% Fibonacci retracement
, 100% Fibonacci extension
, horizontal overlap resistance) and a strong drop
could occur at this level pushing price down to at least 88.52 support ( Fibonacci retracement
, horizontal overlap support).
(34,5,3) is seeing major resistance below 100% where it is dropping nicely from now.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.