Price is approaching our first support at 124.88 (horizontal overlap support, 61.8% Fibonacci retracement
, descending channel’s support, 61.8% Fibonacci extension
) where we might be seeing a strong bounce to our major resistance level
at 125.58 (horizontal overlap resistance, 38.2% Fibonacci retracement
is approaching support where we might be seeing a bounce above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.