Trade MT4 with easyMarkets

Price continues to drop nicely as we remain bearish looking to sell below 1.0755 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0628 support (Fibonacci retracement, horizontal overlap support).

RSI (34) sees major bearish resistance vs price signalling an impending reversal is expected.

Sell below 1.0755. Stop loss at 1.0836. Take profit at 1.0628.


The material has been provided by InstaForex Company –

Get a £20 welcome bonus to try out the Plus 500 CFD trading platform, No deposit is required! Simply register a real money account at plus500, enter your mobile number and receive a validation code by SMS. Try out CFD trading on forex,stocks,commodities and more with no risk. *T&Cs apply - see the plus500 website here for more info.

 Comment on this article

Top Viewed This Week

Subscribe To Our Newsletter

Social Counters
/ Free WordPress Plugins and WordPress Themes by Silicon Themes. Join us right now!

Send this to friend