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Price dropped perfectly as expected and is almost at our profit target. We turn bullish above 1.0895 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 1.0975.
RSI (34) is also seeing next support at 41% and it is approaching it.
Buy above 1.0895. Stop loss is at 1.0865. Take profit is at 1.0975.
The material has been provided by InstaForex Company - www.instaforex.com