The price is now testing major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level towards 112.00 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is seeing strong resistance below 97% where we expect a corresponding drop from.
Sell below 112.69. Stop loss is at 113.19. Take profit is at 112.00
The material has been provided by InstaForex Company – www.instaforex.com
The price is now testing major resistance at 112.69 (Fibonacci retracement, horizontal overlap resistance) and we expect to see a strong drop from this level towards 112.00 support (Fibonacci extension, horizontal swing low support).
Stochastic (21,3,1) is seeing strong resistance below 97% where we expect a corresponding drop from.
Sell below 112.69. Stop loss is at 113.19. Take profit is at 112.00
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: