EURUSD is approaching our first support at 1.1164 where we might be seeing a bounce above this level.
Entry: 1.1164
Why it's good : Horizontal overlap support, 100%, 61.8% Fibonacci extension, 38.2% Fibonacci retracement
Stop Loss : 1.1114
Why it's good : horizontal overlap support, 61.8% fibonacci retracement, 100% Fibonacci extension
Take Profit : 1.1281
Why it's good: horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement The material has been provided by InstaForex Company - www.instaforex.com