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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!

analytics5d354293933d3.jpgEURUSD approaching our first support where we are expecting a bounce above this level.

Entry: 1.1195

Why it's good : horizontal swing low support, 100% Fibonacci extesion

Stop Loss : 1.1178

Why it's good : 76.4% Fibonacci retracement, Horizontal swing low support

Take Profit : 1.1245

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

analytics5d354272a3f3f.png

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