The price is approaching its buying level support at 148.484 (38.2% Fibonacci retracement, 78.6% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal overlap support) where we expect a bounce from to push prices all the way up to major resistance at 149.768 (61.8% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 149.271 (100% Fibonacci extension, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 6.9% where we can expect a bounce.
The material has been provided by InstaForex Company – www.instaforex.com
The price is approaching its buying level support at 148.484 (38.2% Fibonacci retracement, 78.6% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal overlap support) where we expect a bounce from to push prices all the way up to major resistance at 149.768 (61.8% Fibonacci retracement, horizontal overlap resistance). We do have to be cautious of the intermediate resistance at 149.271 (100% Fibonacci extension, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 6.9% where we can expect a bounce.
The material has been provided by InstaForex Company – www.instaforex.com
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