Price is approaching a key resistance at 1.3494 where it could potentially reverse to its resistance at 1.3452.
Entry : 1.3494
Why it's good : horizontal swing high resistance, 78.6% Fibonacci retracement, 100% Fibonacci extension
Stop Loss : 1.3525
Why it's good : horizontal swing high resistance
Take Profit : 1.3452
Why it's good : 38.2% Fibonacci retracement, horizontal pullback support
The material has been provided by InstaForex Company - www.instaforex.com