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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD approaching support, potential bounce!

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Price is approaching our first support where we might be seeing a bounce above this level.

Entry : 1.1213

Why it's good : Horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension, short term ascending support line

Stop Loss : 1.1180

Why it's good : 61.8% Fibonacci retracement

Take Profit : 1.1255

Why it's good : 50% Fibonacci retracement, 61.8% Fibonacci extension

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