is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension
, 23.6% Fibonacci retracement
) where a strong drop
might occur below this level to our major support at 1.1182 (horizontal swing low support).
is also showing signs of bearish
pressure and RSI
(21) is seeing a bearish
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Losses can exceed the initial investment so please ensure you fully understand the risks.