Price is approaching our first support (100% Fibonacci extension, Horizontal swing low support) where a strong bounce might occur pushing the price up to our major resistance (Horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Stochastics also showing support. 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
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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.
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.