- Major resistance can be found at 120.00 ,a break above this level will open the door to 124.50 handle.
Recommendation: We prefer long above 123.85, targets 124.30, 124.70, SL 122.40.
Resistance Levels
R1: 123.85 (23.6 % Retracement Level of 120.35 to 124.36)
R2: 124.00 (June 26 high)
R3: 124.34 (June 24 high)
Support Levels
S1:123.52 (38.2 % Retracement Level)
S2:123.38
S3:122.96 (61.8 % Retracement Level)
The material has been provided by InstaForex Company – www.instaforex.com