Price is approaching our first support (100% Fibonacci extension
,61.8% Fibonacci retracement
, Horizontal swing low support) where a strong bounce might occur pushing the price up to our major resistance (Horizontal pullback resistance, 100% Fibonacci extension
, 38.2% Fibonacci retracement
). Stochastics also showing support. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.