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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 near resistance, a drop is possible!

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EURUSD is near resistance, a drop to 1st support is possible

Entry: 1.1315

Why it's good : 61.8% Fibonacci extension, horizontal overlap resistance

Stop Loss : 1.14127

Why it's good :100% Fibonacci extension

Take Profit : 1.1251

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

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