As we see , there's apparent rejection of the Fibonacci level 61.8% to be broken.
Now it's expected to see a bullish move to come next.
4H chart , there's a broken bearish channel and successfuly retested.
Also there's a Head & Shoulder pattern with broken neck line targetting 131.30.
Based on the analysis:
There's an opportunity to go long at the live price with TP at 130.60 then 131.20.
SL should be placed below 128.20.
http://instaforex.com/forex_analysis/32536/?x=OUE
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