Price is approaching our first support (100% Fibonacci extension,61.8% Fibonacci retracement, Horizontal swing low support) where a strong bounce might occur pushing the price up to our major resistance (Horizontal pullback resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastics also showing support. Trading CFDs on margin carries high risk.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results