Price is holding below the Daily descending trendline and the 1st resistance at 1.15731 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension. Price could potentially bearish from 1st resistance at 1.15731 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension to 1st support at 1.14950 in line with -27.2% Fibonacci retracement and 61.8% Fibonacci extension. Our bearish bias is further supported by how Price is holding below the EMA and the Ichimoku cloud and RSI is abiding to a descending trendline. Otherwise price may continue to bullish to 2nd resistance at 1.16125 in line with Horizonal swing high and 127% Fibonacci extension.
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.