Price is approaching our first support at 1.7724 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.7965 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 50% Fibonacci retracement). RSI (55) is approaching support and we might see a potential rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.