Price reversed off its resistance where we expect to see it drop further to its support at 0.6936.
Entry : 0.6964
Why it's good : 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance
Stop Loss : 0.7013
Why it's good : 100% Fibonacci extension, horizontal swing high resistance
Take Profit : 0.6936
Why it's good : 50% Fibonacci retracement, horizontal pullback support
The material has been provided by InstaForex Company - www.instaforex.com