Price is in a downtrend where it is expected that it will continue falling to approach its major support at 0.6467.
Entry : 0.6585
Why it's good : horizontal swing high resistance, 38.2% Fibonacci retracement
Stop Loss : 0.6689
Why it's good : 61.8% Fibonacci extension, 61.8% Fibonacci retracement
Take Profit : 0.6467
Why it's good : 61.8% Fibonacci extension
The material has been provided by InstaForex Company - www.instaforex.com