Price is facing bearish pressure as it holds under 1st resistance in line with 141.4% Fibonacci retracement. Price may bearish towards the 1st support at 1.68408 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Our bearish bias is further supported by how stochastic is testing resistance where price dropped in the past. Otherwise price may continue to bullish towards Daily resistance at 1.73183.
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.