is approaching our first resistance at 114.03 (horizontal overlap resistance, 38.2% Fibonacci retracement
, 61.8% Fibonacci extension
) where a strong drop might occur below this level pushing price down to our major support at 113.12 (horizontal overlap support, 61.8% Fibonacci extension
, 50% Fibonacci retracement
(89,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.