Price is currently resting on the horizontal pullback support at 0.125390 which is in line with the 161.8% Fibonacci extension and the 50% Fibonacci retracement. We can expect the price to rise up to the 1st resistance which is in line with the horizontal swing high and 127.2% Fibonacci extension level. Our bullish bias is further reinforced by how price is approaching and appears to be bouncing off a hidden support level at 9.37.
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.