- Major resistance can be seen at 123.83 (23.6 % Retracement Level), a break above this level will open the door to 124.00 handle.
Recommendation: We prefer long above 123.40, targets 123.80, 124.10, SL 122.90.
Resistance Levels
R1: 123.66(38.2% Retracement Level)
R2: 123.83(23.6% Retracement Level)
R3: 124.08 (July 24th high)
Support Levels
S1:123.58 (July 23rd lows)
S2:123.41 (61.8% Retracement Level)
The material has been provided by InstaForex Company – www.instaforex.com