is approaching our first resistance at 1.3366 (horizontal swing high resistance, 50% Fibonacci retracement
, 161.8% Fibonacci extension
) where a strong drop
might occur to our major support at 1.3217 (50% Fibonacci retracement
(89,5,3) is also approaching resistance where we might see a corresponding drop
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Losses can exceed the initial investment so please ensure you fully understand the risks.