Price is reacting above the descending trendline resistance (now support). Price could potentially bullish from 1st support at 0.84528 in line with 38,2% Fibonacci retracement and 23.6% Fibonacci extension to 1st resistance at 0.84958 in line with 61.8 Fibonacci retracement and 61.8% Fibonacci extension. Our bullish bias is further supported by how Price is holding above the EMA. Otherwise price may bearish towards 2nd support at 0.84215 in line with Horizontal swing low and 50% Fibonacci extension.
Reason for Entry:
38,2% Fibonacci retracement and 23.6% Fibonacci extension
Take Profit: 0.84958
Reason for Take Profit:
61.8 Fibonacci retracement and 61.8% Fibonacci extension
Stop Loss: 0.84215
Reason for Stop Loss:
Horizontal swing low and 50% Fibonacci extension
*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.
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.