Price is now testing major support at 0.7456 (Fibonacci extension, Elliott wave theory) and we expect to see a bounce above this level to at least 0.7520 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above the 7% level where we expect a bounce from.
Buy above 0.7456. Stop loss at 0.7434. Take profit at 0.7520.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is now testing major support at 0.7456 (Fibonacci extension, Elliott wave theory) and we expect to see a bounce above this level to at least 0.7520 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above the 7% level where we expect a bounce from.
Buy above 0.7456. Stop loss at 0.7434. Take profit at 0.7520.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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