Price is testing the 1st support, which is in line with our 38.2% Fibonacci retracement and 61.8% Fibonacci extension. We could potentially see a bounce and a further rise up to our 1st resistance, which is in line with our 50% and 161.8% Fibonacci extension levels, as well as our horizontal swing high resistance. It is worth noting that price continues to hold above both the ascending trendline and moving average support.
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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