The price is right above major support at 0.9937 (Fibonacci retracement, horizontal pullback support, Fibonacci extension) and we look to buy above this level for a push up to at least 1.0033 resistance (Fibonacci extension, horizontal swing high resistance).
Stochastic (23,3,1) is seeing strong support above 1.9% where we expect a corresponding bounce from.
Buy above 0.9937. Stop loss is at 0.9872. Take profit is at 1.0033.
The material has been provided by InstaForex Company - www.instaforex.com
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