is approaching our first support at 1.3000 (horizontal swing low support, 61.8% Fibonacci retracement
, 61.8% Fibonacci extension
) where a strong drop
might occur below this level to our first support level
at 1.3136 (horizontal swing high resistance, 38.2% Fibonacci retracement
is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.