The price is right on major support at 0.9672 (Fibonacci retracement, Fibonacci extension, horizontal overlap support) and we expect to see a major bounce above this level to push the price up to at least 0.9758 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees major support above 42% where we continue to holds our bullish bias as long as it remains above the support.
Buy above 0.9672. Stop loss is at 0.9627. Take profit is at 0.9758.
The material has been provided by InstaForex Company - www.instaforex.com
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