is approaching our first resistance at 1.1365 (horizontal pullback resistance, short term descending resistance line, 61.8% Fibonacci retracement
, 23.6% Fibonacci retracement
) and a strong drop
might occur below this level pushing price down to our major support at 1.1244 (horizontal overlap support). RSI
(89) 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.