Technical Outlook and Chart Setups:
As depicted here, intermediary supports are 32.00 and 30.70/80 respectively. Till the time prices stay above these mentioned levels, it is recommended to remain long and further add on dips. Immediate intermediary resistance is at 33.60/65 levels followed by 33.80/90 levels respectively. Looking into the overall trend structure, the bullish scenario persists and a push through 35.00 level would raise prices further up to 37.00 and 44.00 respectively. Looking higher from here on.
Trading Recommendations:
Stay long from positions taken earlier. Stop is below 32.00. Target is open.
Good Luck!
The material has been provided by Instaforex Company - instaforex.com
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