Price is approaching 1st resistance, in line with 61.8%, 161.8% Fibonacci retracement, 50% Fibonacci extension and horizontal swing high resistance. We could see a reversal and further downside towards 1st support, in line with 61.8%, 161.8% FIbonacci extension and horizontal swing low support. Stochastics is also testing resistance where price has reversed at before, showing signs of bearish pressure.
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.