Price is approaching a key support at 0.6968 where it could potentially bounce to its resistance at 0.7006.
Entry : 0.6968
Why it's good : horizontal swing low support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 0.6934
Why it's good : 100% Fibonacci extension
Take Profit : 0.7006
Why it's good : 76.4% Fibonacci retracement, horizontal swing high resistance
The material has been provided by InstaForex Company - www.instaforex.com