Price has formed an inverse head-and-shoulders reversal pattern. We look to buy above major support at 79.00 (Fibonacci retracement, shoulder support) for a push up to 79.80.
RSI (34) is bouncing off our 42% major support.
Buy above 79.00. Stop loss at 78.42. Take profit at 79.80.
The material has been provided by InstaForex Company – www.instaforex.com
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