Price is facing bearish pressure as it holds under 1st resistance at 67.54 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Price may continue to bearish towards the 1st support at 64.46 in line with 161.8% Fibonacci retracement and 78.6% Fibonacci extension. Our bearish bias is further supported by MACD is shown to be holding below the 0 line. Otherwise price may continue to bullish towards 2nd resistance at 69.98 in line with 61.8% Fibonacci retracement and 100% 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.