EURUSD is approaching our first resistance at 1.1281 where we might be seeing a drop below this level.
Entry: 1.1281
Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance
Stop Loss : 1.1325
Why it's good : horizontal swing high resistance, 76.4% fibonacci retracement
Take Profit : 1.1166
Why it's good: Horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement
The material has been provided by InstaForex Company - www.instaforex.com