Price has dropped perfectly to our buying level. We remain bullish above 1.0071 support (Fibonacci retracement, horizontal support) for a push up to 1.0124 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees strong support above the 29% level and also sees bullish divergence vs price which signals a bounce is impending.
Buy above 1.0071. Stop loss at 1.0039. Take profit at 1.0124.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price has dropped perfectly to our buying level. We remain bullish above 1.0071 support (Fibonacci retracement, horizontal support) for a push up to 1.0124 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) sees strong support above the 29% level and also sees bullish divergence vs price which signals a bounce is impending.
Buy above 1.0071. Stop loss at 1.0039. Take profit at 1.0124.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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