Price is approaching our first support (61.8% Fibonacci extension, horizontal swing low resistance, 61.8% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastics also showing support. Trading CFDs on margin carries high risk.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results