Price is close to our 114.75 support level (overlap support, Fibonacci retracement) where we expect a bounce from for price to rise to at least 115.90.
Stochastics (21,3,3) is approaching strong support at 11%.
RSI(21) is also approaching ascending support which signals a bounce is approaching.
Buy above 114.75 Stop loss is at 114.40. Take profit is at 115.90.
The material has been provided by InstaForex Company – www.instaforex.com
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