We look to buy above major support at 1.0491 (ibonacci retracement, Fibonacci extension, long term horizontal support) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting to take shape for our bullish rise in price.
Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
We look to buy above major support at 1.0491 (ibonacci retracement, Fibonacci extension, long term horizontal support) for a push up to at least 1.0606 resistance (Fibonacci retracement, horizontal pullback resistance).
Stochastic (34,5,3) is seeing strong support above 1.9% and has also made a recent bullish exit signalling that a change in momentum is starting to take shape for our bullish rise in price.
Buy above 1.0491. Stop loss at 1.0430. Take profit at 1.0606.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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