is approaching our first resistance at 0.7293 (horizontal swing high resistance, 100% Fibonacci extension
, 23.6% Fibonacci retracement
) where a strong drop might occur below this level pushing price down to our major support at 0.7152 (horizontal pullback support, 100% Fibonacci extension
, 50% Fibonacci retracement
(89,5,3) is also approaching resistance and seeing a bearish
divergence where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.