• Cisco reversed from key resistance level 56.70
• Likely to fall to support level 53.60
Cisco recently reversed down with the two daily Shooting Stars from the key resistance level 56.70 (upper border of the sideways price range from January).
The resistance area near the resistance level 56.70 was strengthened by the upper daily Bollinger Band.
Cisco can be expected to fall further toward the next support level 53.60 (lower border of the active sideways price range ).
Source: Fxpro
