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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 testing resistance, potential drop!

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Trading Recommendation

Entry: 1.10944

Reason for Entry: 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance

Take Profit : 1.09994

Reason for Take Profit: Horizontal overlap support, 61.8% Fibonacci retracement, 78.6% Fibonacci extension

Stop Loss: 1.11419

Reason for Stop loss:

horizontal swing high resistance, 78.6% Fibonacci retracement

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