We remain bullish looking to play the intermediate bounce up from 114.70 support (Fibonacci retracement, horizontal overlap support) for a push up to 115.48 resistance (long term resistance, Fibonacci extension).
Stochastic (21,5,3) is bouncing off nicely from, our 5.8% support with good upside potential.
Buy above 114.70. Stop loss at 114.24. Take profit at 115.48.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
We remain bullish looking to play the intermediate bounce up from 114.70 support (Fibonacci retracement, horizontal overlap support) for a push up to 115.48 resistance (long term resistance, Fibonacci extension).
Stochastic (21,5,3) is bouncing off nicely from, our 5.8% support with good upside potential.
Buy above 114.70. Stop loss at 114.24. Take profit at 115.48.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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