Price continues to drop nicely as we remain bearish looking to sell below 1.0755 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0628 support (Fibonacci retracement, horizontal overlap support).

RSI (34) sees major bearish resistance vs price signalling an impending reversal is expected.

Sell below 1.0755. Stop loss at 1.0836. Take profit at 1.0628.


The material has been provided by InstaForex Company –

Learn the Art of Trading

Earning Consistent Profits As a Trader Is Not As Easy As Many People Would Have You Believe. Join This Mailing List To Learn The Art of Trading for Free.

You have Successfully Subscribed!

Pin It on Pinterest

Share This

Please sharing

Please share this post with your friends!