EURUSD has been bouncing above 1st support of 1.18123, in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Prices are likely to rally towards 1st resistance of 1.18666, in line with 78.6% Fibonacci extension. Prices may reverse to 2nd support, in line with 127.2% Fibonacci extension. Moreover, EMA is holding below prices..
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.