is approaching our first resistance at 0.7154 (horizontal overlap resistance, 50% fibonacci retracement
, 61.8% fibonacci extension
) and a strong drop might occur below this level pushing price down to our major support at 0.7030 (horizontal swing low support).
(55) is also approaching resistance and we might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.