Price has just bounced off our first support in line with our 38.2% Fibonacci extension, 50% Fibonacci retracement and horizontal swing low support, where we remain bullish above this level. We expect a possible further rise up to our first resistance at 3.57843, which is in line with our 61.8% and 78.6% Fibonacci extension levels. It is also worth noting that price is holding above both our ascending trendline and the Ichimoku cloud, which shows bullish pressure in line with our analysis.
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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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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.