Price is testing our first resistance at 0.95665, in line with our 50% Fibonacci extension, 76.4% Fibonacci retracement, and horizontal swing high resistance. It could potentially reverse from here and drop further to our first support at 0.95526, in line with our 100% Fibonacci extension, 50% Fibonacci retracement and horizontal swing low support. It is also worth noting that the Stochastic indicator is also approaching the resistance level at 95.94.
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.