Price has finally made a bullish break of long-term descending resistance at 0.9955 (Fibonacci retracement, horizontal overlap resistance, descending resistance). We now play a push up to 1.0000 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) has completed the bullish exit signal that has forecasted the bullish exit in price really well.
Buy above 0.9955. Stop loss at 0.9922. Take profit at 1.0000.
The material has been provided by InstaForex Company - www.instaforex.com