Price is below first resistance at 87.730 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension . It could potentially bullish from first support at 86.594 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension to first resistance at 87.730 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. Our bullish bias is further supported by how MACD is shown to be holding above the 0 line. Otherwise price may continue to bearish to 2nd support at 86.208 in line with 50% Fibonacci retracement and 38.2% 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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.