Price is now testing major resistance at 1.2741 (Bearish price action, horizontal resistance, Fibonacci extension) and we expect a drop from this level to at least 1.2652 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing strong resistance below 96% level and we expect a further drop from this level.
Sell below 1.2741. Stop loss at 1.2764. Take profit at 1.2652.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price is now testing major resistance at 1.2741 (Bearish price action, horizontal resistance, Fibonacci extension) and we expect a drop from this level to at least 1.2652 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing strong resistance below 96% level and we expect a further drop from this level.
Sell below 1.2741. Stop loss at 1.2764. Take profit at 1.2652.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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