is approaching our resistance at 0.7168 (horizontal swing high resistance, 78.6% Fibonacci retracement
, 100% Fibonacci extension
) where a strong drop
might occur below this level pushing price down to our major support at 0.7130 (61.8%, 100% Fibonacci extension
, 38.2% Fibonacci retracement
, horizontal overlap support).
is also approaching 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.