- The currency is trading at 1.3013 levels, the immediate support can be seen at 1.2990, break below this level will expose the pair to next support level at 1. 1.2978 (July 27th lows).
- Major resistance can be seen at 1.3072 (23.6% Retracement level), a break above this level will expose it to the 1.3100 handle.
Recommendation: Go long above 1.3000 with Targets at 1.3050, 1.3100 SL 1.2920.
Resistance Levels
R1: 1.3041 (38.2% Retracement level)
R2: 1.3072 (23.6% Retracement level)
R3: 1.3100 (July 24th high)
Support Levels
S1: 1.2990 (61.8% Retracement level)
S3: 1.2915 (July 21st Lows)
The material has been provided by InstaForex Company – www.instaforex.com