Price is testing major descending resistance at 1.5419 ( bearish channel
resistance, horizontal overlap resistance, 61.8% Fibonacci retracement
) and a strong drop could possibly occur at this level to push price down towards 1.5285 support ( Fibonacci extension
, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci retracement
, horizontal break out resistance level
(34,5,3) is seeing major resistance below 96% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.