Price is bouncing off our first support at 81.89 (horizontal overlap support, 61.8% Fibonacci retracement) which coincides with our short term ascending support line. A further rally might occur above this level, pushing price up to our major resistance at 82.59 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (34,5,3) is also seeing a bullish divergence and might be a good precursor for a further 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.