Price is above 1st support at 1.27205 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci extension. It could potentially bullish from 1st support at 1.2705 in line with 38.2% Fibonacci retracement and 23.6% Fibonacci extension to 1st resistance at 1.28183 in line with Horizontal swing high and 61.8% Fibonacci extension. Our bullish bias is further supported by how Price is holding above the EMA and MACD is shown to be above the 0 line. Otherwise price may continue to bearish to 2nd support at 1.26676 in line with 50% Fibonacci retracement and 38.2% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risk.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risk.