Price is facing bullish pressure as it continues to hold above the ascending trendline support, and Stochastics has also just reacted at the lower 7.49 support level where it has reacted off before. We could potentially see a bounce and further rise above 1st support, in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap support and ascending trendline support, towards 1st resistance, in line with 100% Fibonacci extension and horizontal swing high resistance.
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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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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.