The price is testing our buying support level. We remain bullish above 1.1805 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to at least 1.1928 resistance (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).
Stochastic (34,3,1) is bouncing nicely off our 3.2% support and has good upside potential.
Buy above 1.1805. Stop loss is at 1.1749. Take profit is at 1.1928.
The material has been provided by InstaForex Company – www.instaforex.com