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.
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Losses can exceed the initial investment so please ensure you fully understand the risks.