Price is approaching our first support at 124.88 (horizontal overlap support, 61.8% Fibonacci retracement, descending channel’s support, 61.8% Fibonacci extension) where we might be seeing a strong bounce to our major resistance level at 125.58 (horizontal overlap resistance, 38.2% Fibonacci retracement). Stochastic is approaching support where we might be seeing a bounce above this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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