Price is reacting below first resistance at 110.802 which is in line with 78.6% Fibonacci extension. It could potentially bearish from first resistance to first support at 109.113 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. Otherwise price may continue to bullish to 2nd resistance at 127.2% 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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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.