Price is approaching a key resistance at 145.73 where it could potentially reverse to its support.
Entry : 145.73
Why it’s good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension
Stop Loss : 146.36
Why it’s good : 78.6% Fibonacci retracement
Take Profit : 145.01
Why it’s good : 38.2% fibonacci retracement, horizontal pullback support
The material has been provided by InstaForex Company – www.instaforex.com
Price is approaching a key resistance at 145.73 where it could potentially reverse to its support.
Entry : 145.73
Why it’s good : horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension
Stop Loss : 146.36
Why it’s good : 78.6% Fibonacci retracement
Take Profit : 145.01
Why it’s good : 38.2% fibonacci retracement, horizontal pullback support
The material has been provided by InstaForex Company – www.instaforex.com
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