Price is testing our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur to our first support level (horizontal swing low support, 100% Fibonacci extension). Stochastic is also approaching resistance where we might see a corresponding drop in price.
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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