Price is approaching our first resistance where we might see a corresponding drop in price.
Entry : 0.6934
Why it's good : 38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance
Stop Loss : 0.6969
Why it's good : 50% Fibonacci retracement, horizontal pullback resistance
Take Profit : 0.6902
Why it's good : Horizontal pullback support, 50% Fibonacci retracement
The material has been provided by InstaForex Company - www.instaforex.com