EUR/USD approaching resistance, potential drop!


Price is approaching our first resistance level.

Entry : 1.1227

Why it’s good : 76.4% Fibonacci retracement, descending resistance line, 61.8% Fibonacci extension

Stop Loss : 1.1266

Why it’s good : horizontal swing high resistance

Take Profit : 1.1180

Why it’s good : 38.2% Fibonacci retracement, horizontal overlap support

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The material has been provided by InstaForex Company – www.instaforex.com
2019-05-27 02:12:38



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