Prices are consolidating in a wedge pattern. We see potential for a bounce from our Pivot which is a graphical overlap towards our 1st resistance at 113.97 which is an area of Fibonacci confluences.

Alternative Scenario:

Alternatively, prices may dip towards our 1st support at 113.296 in line with 61.8% Fibonacci extension.


Improve Your Trading

Did you know that SuperTrader Markets has a VIP room where you can learn to trade from a team of award-winning analysts?

Check out our exclusive Live Trading Room where you can ask questions directly to a team of CFA, CMT, CFTe accredited analysts.