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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 for big bounce!

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EURUSD is approaching our first support level.

Entry: 1.10589

Why it's good : 23.6% Fibonacci retracement, horizontal overlap support

Stop Loss : 1.10365

Why it's good : 38.2% Fibonacci retracement

Take Profit : 1.11049

Why it's good: 100% Fibonacci extension, horizontal swing high resistance

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