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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 resistance, potential drop!

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EURUSD is approaching our first resistance at 1.1123 where we might be seeing a drop below this level.

Entry: 1.1123

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

Stop Loss : 1.1183

Why it's good : horizontal overlap resistance

Take Profit : 1.1029

Why it's good: Horizontal swing low support, 100% Fibonacci extension

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