- Momentum studies, 5, 10 & 20 DMA’s head north, 5th day of higher lows
- Positive setup targets a sustained 1.2619 break, 76.4% of Mar/May fall
- Initial support seen at 1.2551, 1.2538 levels
- Resistance at 1.2619, 76.4% Fibonacci then last week’s 1.2632 high
The material has been provided by InstaForex Company – www.instaforex.com