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.