Technical summary:
Not much has happened here, but we are still looking for support at 1.5788 to protect the downside for a break above resistance at 1.5942 and more importantly a break above resistance at 1.5991 to confirm the next rally towards 1.6273 and higher. Only an unexpected break below support at 1.5788 will delay the expected rally for a move closer to 1.5722 before the next move higher.
Trading recommendation:
The material has been provided by InstaForex Company - www.instaforex.com
