Price is holding above ascending trendline support with stochastic indicator testing support where price bounced in the past. A further push up above 1st support at 1.36800 towards 1st resistance at 1.37192 could be likely.
Reason for Entry:
38.2% Fibonacci retracement
Take Profit: 1.37192
Reason for Take Profit:
61.8% Fibonacci retracement
Stop Loss: 1.36573
Reason for Stop Loss:
Horizontal swing low support and Ascending trendline support
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.