Price is approaching our first support at 81.14 (horizontal swing low support, 100% Fibonacci extension) and might rise up to our major resistance at 82.69 (horizontal overlap resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also seeing a bullish divergence and approaching our support where a bounce off this level might see a corresponding rise in price.
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Stochastic (55,5,3) is also seeing a bullish divergence and approaching our support where a bounce off this level might see a corresponding rise in price.
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