Price is approaching our Pivot point at 0.70121 which is in line with our 161.8% Fibonacci extension, 61.8% Fibonacci retracement and horizontal pullback support. We could potentially see price rise towards our 1st resistance level at 0.70524. It is worth noting that the Ichimoku cloud and ascending trendline is showing bullish pressure in line with our analysis.
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Trading FX & CFDs carries high risk.
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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.