is approaching our first resistance at 1233.86 (horizontal swing high resistance, 61.8% Fibonacci extension
, 78.6% Fibonacci retracement
) where a strong drop
might occur pushing price down to our major support at 1219.38 (horizontal swing low support, 38.2% Fibonacci retracement
Stochastics (89,5,3) is also approaching resistance and we might see a corresponding drop
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.