The price bounced perfectly off our support level yesterday. Now we remain bullish above 86.72 support (Fibonacci retracement, horizontal overlap support) for a further push up to 87.48. We adjust our stop loss to 86.25 which is breakeven to protect our position.
Stochastic (55,5,3) is seeing strong support above the 6% level which it is bouncing above.
Buy above 86.72. Stop loss is at 86.25. Take profit is at 87.48.
The material has been provided by InstaForex Company - www.instaforex.com
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