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The key idea here is to wait for the price to make a push down to the 1.0450 level, which is a beautiful graphical support, and this would correspond with the ascending support seen on the RSI, too. From there, we can take a long position for a rise to 1.0500 first before 1.0550.
Trading recommendations:
Buy at 1.0450
Stop loss at 1.0400
Take profit at 1.0550
The material has been provided by InstaForex Company - www.instaforex.com