Price is holding below the descending trendline Potential sell entry at 1.37118 first support level in line with the 78.6% Fibonacci extension . Price is expected to ride down towards the 2nd support level in line with 100% Fibonacci extension and -27.2% Fibonacci retracement. Our bearish bias is further supported by price holding under the Ichimoku cloud and 50 period MA.
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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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.