Price continues to test major support around the 0.9963 area (Fibonacci retracement, fibonacci extension, horizontal swing low support) where we expect a bounce from to at least 1.0058 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) sees major support above the 29% level along with bullish divergence vs price suggesting a bounce is impending.
Buy above 0.9963. Stop loss at 0.9925. Take profit at 1.0058.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price continues to test major support around the 0.9963 area (Fibonacci retracement, fibonacci extension, horizontal swing low support) where we expect a bounce from to at least 1.0058 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) sees major support above the 29% level along with bullish divergence vs price suggesting a bounce is impending.
Buy above 0.9963. Stop loss at 0.9925. Take profit at 1.0058.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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