We remain bullish above 1.0600 support (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.0715 resistance (Fibonacci extension, Fibonacci retracement, recent swing high resistance).
Stochastic (21,5,3) is seeing support at 5% where we expect a bounce from. We can also see a little bit of bullish divergence vs price signalling a bullish reversal is impending.
Buy above 1.0600. Stop loss at 1.0568. Take profit at 1.0715.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
We remain bullish above 1.0600 support (Fibonacci retracement, horizontal overlap support) for a bounce up to at least 1.0715 resistance (Fibonacci extension, Fibonacci retracement, recent swing high resistance).
Stochastic (21,5,3) is seeing support at 5% where we expect a bounce from. We can also see a little bit of bullish divergence vs price signalling a bullish reversal is impending.
Buy above 1.0600. Stop loss at 1.0568. Take profit at 1.0715.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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