is approaching our first support at 1.5094 (horizontal swing low support, 100% Fibonacci extension
, 61.8% Fibonacci retracement
) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5307 (horizontal swing high resistance, 38.2% Fibonacci retracement
(55,5,3) is also approaching our support and we might see a corresponding rise in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.