Price has finally bounced above our support and reached our profit target perfectly. We remain bullish above 1.0385 support (Fibonacci retracement, swing low support) for a push up to 1.0438 resistance (Fibonacci retracement, horizontal overlap resistance).
RSI (34) is bouncing above our 31% support level.
Stochastic (21,5,3) is bouncing above our 6% support level.
Buy above 1.0385. Stop loss at 1.0438. Take profit at 1.0352.
The material has been provided by InstaForex Company – www.instaforex.com
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