Price is approaching a major level of support at 0.9782 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) and a strong bounce could occur at this level to drive price up. Our next major level of resistance is at 0.9876 (Fibonacci extension, horizontal swing high resistance) and our next major level of support is at 0.9742 (Fibonacci retracement, breakout level).
Stochastic (34,5,3) is seeing strong support above 1.7% where a corresponding bounce could occur.
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 strong support above 1.7% where a corresponding bounce 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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.