Price is approaching our first resistance at 1.5321 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 1.5173 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.