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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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EURUSD approaching resistance, potential drop!

Entry: 1.10609

Why it's good: 78.6% fibonacci retracement, horizontal swing high resistance

Stop Loss : 1.10780

Why it's good : horizontal swing high resistance

Take Profit: 1.10006

Why it's good: horizontal overlap support, 50% fibonacci retracement, 38.2% fibonacci retracement, 100% fibonacci extension

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