The price has shot down and reached our profit target. We prepare to buy above major support at 119.15 (Fibonacci extension, Fibonacci retracement) for a bounce up to at least 120.33 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above the 4.2% level and also displays bullish divergence versus the price.
Buy above 119.15. Stop loss is at 118.54. Take profit is at 120.33.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price has shot down and reached our profit target. We prepare to buy above major support at 119.15 (Fibonacci extension, Fibonacci retracement) for a bounce up to at least 120.33 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above the 4.2% level and also displays bullish divergence versus the price.
Buy above 119.15. Stop loss is at 118.54. Take profit is at 120.33.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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