Price is approaching our first support (1. 61.8% Fibonacci retracement, Horizontal overlap support, 61.8% Fibonacci extension) where a strong bounce to our major resistance ( Horizontal swing high resistance, 61.8% Fibonacci extension,38.2% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a bounce.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : www.easymarkets.com/