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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 facing bearish pressure from resistance, potential for drop!

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EURUSD is facing bearish pressure from our first resistance where we could be seeing a further drop below this level.

Entry: 1.09727

Why it's good : breakout level, horizontal overlap resistance

Stop Loss : 1.10559

Why it's good : 50% Fibonacci retracement, horizontal pullback resistance

Take Profit : 1.08649

Why it's good: Horizontal overlap support, 76.4% Fibonacci retracement

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