Price continues to rise as expected. We look to buy on pullback to our buying area of 102.05 for a continued rise to 103.75 which is our channel bullish exit potential + Fibonacci retracement + pullback resistance.
RSI (21) is approaching pullback support where we expect another bounce from.
Trading Recommendations:
Buy above 102.05.
Stop Loss at 100.55.
Take profit at 103.75.
The material has been provided by InstaForex Company - www.instaforex.com