The price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, and breakout level) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). We also tighten our stop loss to 0.7643 to protect our profits.
RSI (34) is seeing ascending support, holding the price up is really nicely.
Buy above 0.7696. Stop loss is at 0.7643. Take profit is at 0.7780.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The price has bounced up really nicely above our support from yesterday. We now remain bullish above support at 0.7696 (Fibonacci retracement, horizontal pullback support, and breakout level) where we expect a further push up to 0.7780 resistance (swing high resistance, Fibonacci projection). We also tighten our stop loss to 0.7643 to protect our profits.
RSI (34) is seeing ascending support, holding the price up is really nicely.
Buy above 0.7696. Stop loss is at 0.7643. Take profit is at 0.7780.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: