Price is now testing major resistance at 88.04 (61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to push price down towards 86.20 support (50% Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing major resistance below our 97% level of resistance.
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