Price bounced nicely above our buying level yesterday. We remain bullish above 1.0129 support (Fibonacci retracement, horizontal overlap support) to see a bounce up to at least 1.0212 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is holding above our 9.3% support.
Buy above 1.0129. Set stop loss at 1.0083 and take profit at 1.0212.
The material has been provided by InstaForex Company – www.instaforex.com
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