Price is reversing towards the Pivot point of 0.70269, which is in line with 23.6%, 78.6% Fibonacci retracement and horizontal graphical overlap. A bounce from here could see it rise to our first resistance level of 0.70634, in line with 61.8% Fibonacci extension and horizontal swing high resistance. It is worth noting that the Ichimoku Cloud and ascending trendline are both showing bullish momentum which is in line with our analysis.
Trading FX & CFDs carries high risk.
Trading FX & CFDs carries high risk.
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