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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 bounce!

Price is approaching our first support at 1.26885 where we are expecting a bounce to our first resistance level at 1.28410.

Entry: 1.09994

78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

Take Profit : 1.10654

Why it's good : 38.2% Fibonacci retracement, horizontal overlap resistance, previous breakout level

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