Price is abiding by an ascending trendline and has potential to dip from our Pivot at 114.188 in line with 61.8% Fibonacci retracement to our 1st support at 113.238 in line with 38.2% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices could climb higher towards our 1st resistance at 114.676 in line with 100% Fibonacci retracement.

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.