Price is now testing a major level of resistance at 84.88 (Multiple fibonacci extensions) and we expect a strong reaction from here for a drop to at least 83.90 (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing strong resistance below 90% where we expect a drop from.
Sell below 84.88. Stop loss at 85.41. Take profit at 83.90.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is now testing a major level of resistance at 84.88 (Multiple fibonacci extensions) and we expect a strong reaction from here for a drop to at least 83.90 (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is seeing strong resistance below 90% where we expect a drop from.
Sell below 84.88. Stop loss at 85.41. Take profit at 83.90.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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