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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD approaching resistance, potential reversal below this level!

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Price is approaching our first resistance where we remain bearish below this level.

Entry : 1.1227

Why it's good : horizontal overlap resistance, 38.2% fibonacci retracement

Stop Loss : 1.1277

Why it's good : 76.4% fibonacci retracement, horizontal pullback resistance

Take Profit : 1.1139

Why it's good : horizontal swing low support

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The material has been provided by InstaForex Company - www.instaforex.com