Price is approaching its resistance where a potential reversal could occur.
Entry : 0.7080
Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance
Stop Loss : 0.7129
Why it's good : 78.6% Fibonacci retracement
Take Profit : 0.7013
Why it's good : 50% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance
The material has been provided by InstaForex Company - www.instaforex.com