We believe price will rise to its resistance at 0.6994 before reversing back down towards its support.
Entry: 0.6994
Why it's good : 61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance
Stop Loss : 0.7019
Why it's good : 78.6% Fibonacci retracement
Take Profit : 0.6964
Why it's good: 38.2% Fibonacci retracement, horizontal overlap support
The material has been provided by InstaForex Company - www.instaforex.com