We’re seeing major support at 1.1722 to 1.1710 (61.8% Fibonacci retracement, 61.8% Fibonacci extension, 100% Fibonacci extension, horizontal overlap support) and a strong bounce could occur at this level. Our next level of major resistance is at 1.1842 (Fibonacci retracement, horizontal overlap resistance) while our next major support would be at 1.1675 (Fibonacci retracement, horizontal pullback support).
Stochastic (34,3,1) is seeing major support above 3.1% where a possible bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,3,1) is seeing major support above 3.1% where a possible bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results