Price is approaching major support at 123.78 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a bounce above this level for a rise to at least 125.32 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 4.7% from where we expect a bounce.
Buy above 123.78. Set stop loss at 123.15 and take profit at 125.32.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is approaching major support at 123.78 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a bounce above this level for a rise to at least 125.32 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing strong support above 4.7% from where we expect a bounce.
Buy above 123.78. Set stop loss at 123.15 and take profit at 125.32.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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