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Trading recommendations:

According to the H1 time – frame, I found that price rejected from the supply trendline in the background, which is a sign that buying looks risky around the level of $6.450. I also found an intraday support trendline and my advice is to watch for a breakout fo confirm a further downward movement. The downawrd target is set at the price of $6.084.

Support/Resistance

Major resistance – $6.450

Major support – $6.084.

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The material has been provided by InstaForex Company – www.instaforex.com

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