Price is reacting below first resistance at 1.70577 which is in line with 61.8% Fibonacci retracement and 38.2% Fibonacci extension. It could potentially bullish from first support at 1.67452 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension to first resistance. Our bearish view is further supported by how stocastic is reacting above the support where price increase in the past. Otherwise price may continue to bearish to second support at 1.6642 in line with Horizontal Swing Low and 127.2% Fibonacci extension.
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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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.