According to the previous events, the price is still between the levels of 0.7735 and 0.7783.
The descending movement will probably be lower than the 0.7853 level with the first target at 0.7735 and 0.7686, then the trend will form a double bottom at the price of 0.7686.
Buy deals are recommended above 0.7686 with targets at 0.7725 and 0.7800 for next month.
Resistance: 0.7860 (sell below this level).
Support: 0.7686 (buy above this level for retesting this level for a long period).
Double bottom will set at the level of 0.7686.
Double top will set at the level of 0.7870.
Trend: downward (the trend still calls for a bearish market on August 30, 2013).
Range: 102 pips (daily).
The material has been provided by InstaForex Company – www.instaforex.com
The material has been provided by InstaForex Company – www.instaforex.com
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