Price is facing bearish pressure from our first resistance in line with our descending trend line, horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension where a break below our downside confirmation level would see a further drop to our first support.
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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.