Price is testing its major support at 1.0543 where it could potentially bounce up to its resistance at 1.0604.
Entry : 1.0543
Why it’s good : horizontal overlap support, 61.8% fibonacci extension, 38.2% Fibonacci retracement
Stop Loss : 1.0497
Why it’s good : 61.8% fibonacci extension
Take Profit : 1.0604
Why it’s good : 38.2% Fibonacci retracement, horizontal swing high resistance
The material has been provided by InstaForex Company – www.instaforex.com
Price is testing its major support at 1.0543 where it could potentially bounce up to its resistance at 1.0604.
Entry : 1.0543
Why it’s good : horizontal overlap support, 61.8% fibonacci extension, 38.2% Fibonacci retracement
Stop Loss : 1.0497
Why it’s good : 61.8% fibonacci extension
Take Profit : 1.0604
Why it’s good : 38.2% Fibonacci retracement, horizontal swing high resistance
The material has been provided by InstaForex Company – www.instaforex.com
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