Global macro analysis for 27/03/2017:The latest meeting minutes from the Bank of England Financial Policy Committee are full of interesting statements. The BoE policy members…
We remain bullish above 112.53 major support (Fibonacci extension, Fibonacci retracement) where we expect a bounce up to at least 113.57 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 4.6% level where we expect a bounce from.
Buy above 112.53. Stop loss at 111.85. Take profit at 113.57.
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