Price is reversed off its 1st resistance (61.8% Fibonacci extension, horizontal pullback resistance, 23.6% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.