Price has dropped to our major support level at 1.4750 (Fibonacci retracement) where we expect a bounce from to at least 1.5100.
RSI (21) is seeing major support right below current RSI, which signals a bullish bounce is fast approaching.
Stochastics (21,3,3) is also seeing major support at the 5% level and has started to turn up, signalling a bounce is approaching.
Buy above 1.4750. Stop loss is at 1.4570. Take profit is at 1.5100.
From www.instaforex.com http://ift.tt/2cQwOYQ
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