Price is above 1st support at 1.64878 in line with 127% Fibonacci retracement and 127.2% Fibonacci extension . It could potentially bullish from 1st support at 1.64878 in line with 127% Fibonacci retracement and 127.2% Fibonacci extension to 1st resistance at 1.69271 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Our bullish bias is further supported by price is seeing a bullish divergence in RSI. Otherwise price may continue to bearish to 2nd support at 1.63224 in line with -27.2% Fibonacci retracement and 200% 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.