is approaching our first resistance at 1.1446 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement
) where a strong drop
might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support)
(55,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop
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Losses can exceed the initial investment so please ensure you fully understand the risks.