Price reversed off our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.