Price is facing bearish pressure from our first resistance, in line with our horizontal overlap resistance, descending trend line, 50% fibonacci retracement and 100% fibonacci extension, where we could see a further drop below this level. Stochastic is approaching resistance 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.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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