is approaching our first resistance at 1.3238 (horizontal overlap resistance, 61.8% Fibonacci extension
, 61.8% Fibonacci retracement
) where a strong drop
might occur below this level to our major support at 1.3105 (horizontal swing low support, 61.8% Fibonacci retracement
(34,5,3) is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.