Price is approaching major support at 1.2817 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we expect to see a nice bounce above this level to push price towards 1.3029 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing support above 4.8% where we expect a bounce from.
Buy above 1.2817. Stop loss at 1.2741. Take profit at 1.3029.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is approaching major support at 1.2817 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we expect to see a nice bounce above this level to push price towards 1.3029 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is seeing support above 4.8% where we expect a bounce from.
Buy above 1.2817. Stop loss at 1.2741. Take profit at 1.3029.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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