Price is above major support at 122.15 (Fibonacci retracement, horizontal overlap support, bullish divergence) and we expect a rise above this level to at least 122.83 resistance (Fibonacci retracement, recent swing high resistance).
Stochastic (21,5,3) is bouncing above our support and displays bullish divergence vs price.
Buy above 122.15. Stop loss at 121.89. Take profit at 122.83.
From www.instaforex.com http://ift.tt/2hZzRl4
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