- Major resistance can be found at 123.40 (23.6 % Retracement Level), a break above this level will open the door to 124.00 handle.
Recommendation: We prefer long above 122.85, targets 123.50, 124.00, SL 122.20.
Resistance Levels
R1: 123.40 (23.6 % Retracement Level of 120.35 to 124.36)
R2: 123.69 (July 2nd high)
R3: 123.97 (June 26 high)
Support Levels
S1:122.88
S2:122.64 (38.2 % Retracement Level)
S3:122.37
The material has been provided by InstaForex Company – www.instaforex.com