The price dropped perfectly to our profit target as expected. We turn bullish above the 1.0655 major support (Fibonacci retracement, Fibonacci projection, channel support, pullback support) for a push up to 1.0766.
The RSI (34) is above ascending support.
Stochastic (21,5,3) is bouncing above the 8% support.
Buy above 1.0655. Stop loss at 1.0569. Take profit at 1.0766.
The material has been provided by InstaForex Company - www.instaforex.com