The price is seeing major support at 1.1691 (Fibonacci extension, horizontal swing low support) and we expect to see a bounce above this level towards 1.1795 resistance (Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) is seeing nice support above 13% and also sees an intermediate ascending support line push price up.
Buy above 1.1691. Stop loss is at 1.1645. Take profit is at 1.1795.
The material has been provided by InstaForex Company - www.instaforex.com
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