Price is right above major support at 1170.96 (Fibonacci projection, horizontal swing low support) where we expect a bounce from towards 1,180.83 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing major support at 8% too.
Buy above 1,170.96. Stop loss at 1166.51. Take profit at 1,180.83.
The material has been provided by InstaForex Company – www.instaforex.com
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