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Price is approaching our first support where we might see a corresponding bounce in price.
Entry : 1.0157
Why it's good : horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement
Stop Loss : 1.0131
Why it's good : 100% Fibonacci extension, horizontal swing low support
Take Profit : 1.0197
Why it's good : horizontal swing high resistance, 76.4% Fibonacci retracement, descending resistance line The material has been provided by InstaForex Company - www.instaforex.com