Price drifted lower and is close to ascending trendline support where a bounce reaction is expected.
Why it’s good : 61.8% Fibonacci retracement, horizontal swing low support and ascending trendline support.
Stop Loss : 0.67600
Why it’s good : 100% Fibonacci extension
Take Profit : 0.68220
Why it’s good: 100% Fibonacci extension, horizontal swing high resistance
The material has been provided by InstaForex Company – www.instaforex.com