This article was posted on Tuesday, 16:08, UTC.
The price bounces from the support zone formed by 79.500 level and the uptrend line. RSI confirms price reversal in the oversold zone. It’s time to buy. Pending orders should be placed above 80.700 with stop orders below 78.900 level. Profit targets are at the resistance levels. If the market drops below the uptrend line, pending orders for buy must be deleted manually. Recommended trading volume for this trade is up to 3% from your deposit.
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Profit Targets: 82.400 and 83.400
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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.