Price is facing bullish pressure as it continues to hold above the ascending trendline and moving average supports, in line with our bullish bias. We could see further upside above 1st support, in line with 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, towards 1st resistance, in line with 100% Fibonacci extension and horizontal swing high resistance.
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.