Price dropped from our selling area perfectly. We now look to collect our profits and look to buy above 101.20 support (horizontal pullback support, Fibonacci retracement, Fibonacci projection) for a rise to 102.30.
RSI (21) is on pullback support.
Stochastics (21,3,3) is right above 2% support level where we expect a bounce from.
Buy above 101.20. Stop loss is at 100.60. Take profit is at 102.30.
The material has been provided by InstaForex Company - www.instaforex.com