Trading recommendations:
We found well defined trading range from $4.026 (resistance) and $3.986 (support). In the background, there are double climatic bars, which is indication for potential weakness. Our advice is to watch for potential breakout of the support ($3.986) to confirm further downside and potential distribution. Downward targets are seen at $3.902 and $3.853. Additionaly, there is a bearish divergence on the stochastic oscillator.
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The material has been provided by InstaForex Company - www.instaforex.com
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