We continue to look for a deeper correction in wave B and continue to expect a decline closer to 122.94 and ideally closer to 122.33 before we will start to look for renewed upside pressure.
Short term, a break below minor support seen at 124.06 will indicate more downside to 123.45 and 122.94 on the way towards the ideal target near 122.33.
R3: 124.53
R2: 124.26
R1: 124.16
Pivot: 124.00
S1: 123.70
S2: 123.60
S3: 123.45
Trading recommendation:
We will be looking for a new buying opportunity near 122.33
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Wave summary:
We continue to look for a deeper correction in wave B and continue to expect a decline closer to 122.94 and ideally closer to 122.33 before we will start to look for renewed upside pressure.
Short term, a break below minor support seen at 124.06 will indicate more downside to 123.45 and 122.94 on the way towards the ideal target near 122.33.
R3: 124.53
R2: 124.26
R1: 124.16
Pivot: 124.00
S1: 123.70
S2: 123.60
S3: 123.45
Trading recommendation:
We will be looking for a new buying opportunity near 122.33
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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