Price is testing major resistance at 1.0700 (Fibonacci retracement, horizontal overlap resistance) where we expect a drop from to at least 1.0630 (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is also seeing major resistance below the 94% level.
Sell below 1.0700. Stop loss at 1.0758. Take profit at 1.0630.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is testing major resistance at 1.0700 (Fibonacci retracement, horizontal overlap resistance) where we expect a drop from to at least 1.0630 (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is also seeing major resistance below the 94% level.
Sell below 1.0700. Stop loss at 1.0758. Take profit at 1.0630.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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