is approaching our resistance at 112.14 (horizontal swing high resistance, 76.4% Fibonacci retracement
, 61.8% Fibonacci extension
) where a strong drop might occur below this level pushing price down to our major support at 111.38 (61.8% Fibonacci retracement
is also approaching resistance and seeing a bearish
divergence where we might see a corresponding drop in price.
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Losses can exceed the initial investment so please ensure you fully understand the risks.