is approaching our first resistance at 1.1351 (horizontal pullback resistance, 61.8% Fibonacci retracement
, 61.8% Fibonacci extension
) where a strong drop
might occur below this level to our first support level
at 1.1284 (horizontal swing low support, 38.2% Fibonacci extension
is also approaching 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