Price is approaching resistance area at 0.6963 where it could potentially reverse to its support at 0.6903.
Entry : 0.6963
Why it’s good : horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement
Stop Loss : 0.7021
Why it’s good : horizontal swing high resistance
Take Profit : 0.6903
Why it’s good : 61.8% Fibonacci retracement, horizontal swing low supportThe material has been provided by InstaForex Company – www.instaforex.com
Price is approaching resistance area at 0.6963 where it could potentially reverse to its support at 0.6903.
Entry : 0.6963
Why it’s good : horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement
Stop Loss : 0.7021
Why it’s good : horizontal swing high resistance
Take Profit : 0.6903
Why it’s good : 61.8% Fibonacci retracement, horizontal swing low supportThe material has been provided by InstaForex Company – www.instaforex.com
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