Price has just seen a bullish breakout from descending trendline resistance-turned-support, and MACD is now holding above the 0 line. We could see a bounce at 1st support, in line with 38.2%, 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and further rise towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
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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.