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Price is approaching our first resistance level.

Entry : 0.8858

Why it’s good : 61.8% Fibonacci retracement, channel’s resistance

Stop Loss : 0.8956

Why it’s good : horizontal overlap resistance, 78.6% Fibonacci retracement

Take Profit : 0.8773

Why it’s good :23.6% Fibonacci retracement, horizontal overlap support

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

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