is approaching our first resistance at 0.7113 (horizontal overlap resistance, 61.8% fibonacci retracement
) where a strong drop
might occur pushing price down to our major support at 0.6954 (horizontal swing low support, 38.2% fibonacci retracement
(89,5,3) is also approaching our resistance and seeing a bearish
divergence where we might see a corresponding drop
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Losses can exceed the initial investment so please ensure you fully understand the risks.