The price is approaching support at 118.22 (Fibonacci extension) where we expect to see a bounce to at least 120.23 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 5.4% level.
Buy above 118.22. Stop loss is at 117.45. Take profit is at 120.23.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price is approaching support at 118.22 (Fibonacci extension) where we expect to see a bounce to at least 120.23 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 5.4% level.
Buy above 118.22. Stop loss is at 117.45. Take profit is at 120.23.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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