Price continues to test our entry area. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance).
RSI (34) has bounced off nicely from our pullback support at 52% and has good upside potential for us to play the rise from here.
Buy above 111.31. Stop loss at 110.45. Take profit at 113.06.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Price continues to test our entry area. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06 resistance (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance).
RSI (34) has bounced off nicely from our pullback support at 52% and has good upside potential for us to play the rise from here.
Buy above 111.31. Stop loss at 110.45. Take profit at 113.06.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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