is approaching our first resistance at 1.2849 (horizontal swing high resistance, 100% fibonacci extension
, 23.6%, 61.8% fibonacci retracement
) where a strong drop
might occur pushing price down to our major support at 1.2738 (horizontal swing low support, 23.6% fibonacci retracement
(89,5,3) is also approaching our resistance where we might see a corresponding drop
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Losses can exceed the initial investment so please ensure you fully understand the risks.