Price has shot up and reached selling level as expected. We remain bearish below 87.04 resistance (Fibonacci retracement, descending resistance, recent swing high resistance) for a push down to 85.96 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below the 97% level.
Sell below 87.04. Stop loss at 87.50. Take profit at 85.96.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price has shot up and reached selling level as expected. We remain bearish below 87.04 resistance (Fibonacci retracement, descending resistance, recent swing high resistance) for a push down to 85.96 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance below the 97% level.
Sell below 87.04. Stop loss at 87.50. Take profit at 85.96.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: