Price is now testing major resistance at 0.7742 (61.8% Fibonacci retracement, 38.2% Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down to 0.7552 support (Fibonacci retracement, horizontal overlap support). Our next major level of resistance is at 0.7796 (Fibonacci retracement, breakout level).
Stochastic (55,5,3) is seeing major resistance at 95% where a strong reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is seeing major resistance at 95% where a strong reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results