Price is approaching our first support at 0.72251, in line with 61.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal swing low support, where we could see a further bounce above this level to our first resistance at 0.72678, in line with our 100% Fibonacci extension, 50% Fibonacci retracement and horizontal swing high resistance. Price continues to hold above the ascending trendline and Ichimoku cloud, showing bullish pressure in line with our analysis.
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.