is approaching resistance at 0.8854 (horizontal pullback resistance, 23.6% Fibonacci retracement
) and a strong drop
might occur below this level pushing price down to our major support at 0.8734 (horizontal swing low support, 76.4% Fibonacci retracement
, 100% Fibonacci extension
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.