EUR/USD profit target reached, prepare to turn bearish
January 23, 2017 9:38 am
EUR/USD made a push up towards our profit target. We now turn bearish below strong resistance at 1.0733 (Fibonacci projection, Fibonacci retracement) for a push down to 1.0623 (Fibonacci retracement, recent swing low). Stochastic (21,5,3) is seeing strong resistance at 88%.
Sell below 1.0733. Stop loss at 1.0803. Take profit at 1.0634.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
EUR/USD made a push up towards our profit target. We now turn bearish below strong resistance at 1.0733 (Fibonacci projection, Fibonacci retracement) for a push down to 1.0623 (Fibonacci retracement, recent swing low). Stochastic (21,5,3) is seeing strong resistance at 88%.
Sell below 1.0733. Stop loss at 1.0803. Take profit at 1.0634.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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