EURUSD is facing bearish pressure from our first resistance level where we could be seeing a further drop to our first support level.
Entry: 1.09665
Why it's good : 23.6% fibonacci retracement, horizontal overlap resistance, 61.8% fibonacci extension
Stop Loss : 1.09869
Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement
Take Profit : 1.08732
Why it's good: 100% fibonacci extension The material has been provided by InstaForex Company - www.instaforex.com