Price continues to drop nicely as we remain bearish looking to sell below 1.0755 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0628 support (Fibonacci retracement, horizontal overlap support).

RSI (34) sees major bearish resistance vs price signalling an impending reversal is expected.

Sell below 1.0755. Stop loss at 1.0836. Take profit at 1.0628.


The material has been provided by InstaForex Company –

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! Register a real money account here and get trading right away.

Social Counters
/ Free WordPress Plugins and WordPress Themes by Silicon Themes. Join us right now!

Send this to friend