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