We remain bullish looking to buy above 0.7619 support (Fibonacci retracement, Fibonacci extension, and horizontal overlap support) for a push up to 0.7684 resistance (Fibonacci retracement, recent swing high resistance). Stop loss is at 0.7583 (Fibonacci retracement, horizontal pullback resistance) in case the price drops further.
Stochastic (21,5,3) is seeing strong support above the 3.8% where it has started to bounce from and also displays bullish divergence signaling a bounce is impending.
Buy above 0.7619. Stop loss is at 0.7583. Take profit is at 0.7684.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
We remain bullish looking to buy above 0.7619 support (Fibonacci retracement, Fibonacci extension, and horizontal overlap support) for a push up to 0.7684 resistance (Fibonacci retracement, recent swing high resistance). Stop loss is at 0.7583 (Fibonacci retracement, horizontal pullback resistance) in case the price drops further.
Stochastic (21,5,3) is seeing strong support above the 3.8% where it has started to bounce from and also displays bullish divergence signaling a bounce is impending.
Buy above 0.7619. Stop loss is at 0.7583. Take profit is at 0.7684.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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