Price has shot up and is approaching our profit target. We remain bullish looking to buy on weakness above 0.7549 support (Fibonacci retracement, horizontal support) for a further push up to 0.7632 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (55) sees a bullish exit made signalling a change in momentum to bullish.
Buy above 0.7549. Stop loss at 0.7487. Take profit at 0.7632.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price has shot up and is approaching our profit target. We remain bullish looking to buy on weakness above 0.7549 support (Fibonacci retracement, horizontal support) for a further push up to 0.7632 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (55) sees a bullish exit made signalling a change in momentum to bullish.
Buy above 0.7549. Stop loss at 0.7487. Take profit at 0.7632.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: