Major resistance broken, time to go long

The price has broken a key level of resistance opening a strong bullish move. We look to buy above 0.7733 support (Fibonacci retracement, horizontal overlap support) for a strong push up to at least 0.7881 resistance (Fibonacci retracement, horizontal overlap resistance).

RSI (34) sees an ascending support line hold bullish momentum up.

Buy above 0.7733. Stop loss is at 0.7628. Take profit is at 0.7881.


The material has been provided by InstaForex Company -