Price is approaching major support at 1.0543 (Fibonacci projection, horizontal swing low support) where we expect a bounce from for a rise towards at least 1.0620 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing major support at 8.3%.
Buy above 1.0543. Stop loss at 1.0517. Take profit at 1.0620.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is approaching major support at 1.0543 (Fibonacci projection, horizontal swing low support) where we expect a bounce from for a rise towards at least 1.0620 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing major support at 8.3%.
Buy above 1.0543. Stop loss at 1.0517. Take profit at 1.0620.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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