has bounced off its major resistance at 1.1567 (61.8%, Fibonacci extension
, horizontal swing high resistance). A strong reaction could occur at this level, pushing price down to the next support level
at 1.1483 (76.4% Fibonacci retracement
, horizontal swing low support, 100% Fibonacci extension
(55,5,3) is approaching major resistance at 96% along with a bearish
divergence. A corresponding drop
in price might occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks