The price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support), where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance).
The RSI (34) is approaching our long-term ascending support where we expect a bounce from.
Buy above 1.0033. Stop loss at 1.0000. Take profit at 1.0090.
The material has been provided by InstaForex Company - www.instaforex.com
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