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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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EURUSD is approaching our first support where we are expecting a bounce above this level.

Entry: 1.1120

Why it's good : Horizontal swing low support

Stop Loss : 1.1062

Why it's good : 100% Fibonacci extension

Take Profit : 1.1185

Why it's good: Horizontal pullback resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension

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