- The currency is trading at 1.2968 levels, the immediate support can be seen at 1.2956 , break below this level will expose the pair to next support level at 1.2933 (61.8% Retracement level).
- Major resistance can be seen at 1.3006 (23.6% Retracement level) , break above this level will expose it to the 1.3050 handle.
Recommendation: Go long above 1.2950 with Targets at 1.2980, 1.330 SL 1.2860.
R1: 1.2979 (38.2% Retracement level)
R2: 1.3006 (23.6% Retracement level)
R3: 1.3051 (July 22nd high)
S1: 1.2956 (July 29th highs)
S2: 1.2933 (61.8% Retracement level)
S3: 1.2910 (July 28th lows)
The material has been provided by InstaForex Company – www.instaforex.com