Price has bounced up perfectly from our buying area and has reached our profit target. We prepare to sell on major resistance at 0.7964 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) for a push down to at least 0.7874 support (Fibonacci retracement, horizontal overlap support).
Sell below 0.7964. Set stop loss at 0.7997 and take profit at 0.7874.
The material has been provided by InstaForex Company - www.instaforex.com
