- Major resistance can be seen at 123.50 (61.8 % Retracement Level), a break above this level will open the door to 124.00 handle.
Recommendation: We prefer long above 122.70, targets 123.30, 123.70, SL 122.00.
Resistance Levels
R1: 123.50 (61.8 % Retracement Level)
R2: 123.73 (38.2% Retracement Level)
R3: 124.11 (23.6 % Retracement Level)
Support Levels
S1:123.01 (July 27th lows)
S2:122.90 (July 14th lows)
The material has been provided by InstaForex Company – www.instaforex.com