Price is approaching our first resistance level.
Entry : 0.8858
Why it's good : 61.8% Fibonacci retracement, channel's resistance
Stop Loss : 0.8956
Why it's good : horizontal overlap resistance, 78.6% Fibonacci retracement
Take Profit : 0.8773
Why it's good :23.6% Fibonacci retracement, horizontal overlap support
The material has been provided by InstaForex Company - www.instaforex.com