is approaching our first resistance at 1.1362 (horizontal pullback resistance, 76.4% Fibonacci retracement100% Fibonacci extension
) where a strong drop
might occur below this level pushing price down to our major support at 1.1318 (horizontal swing low support, 23.6% Fibonacci retracement
(34,5,3) is also approaching our first resistance where we might see a corresponding drop
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.