Price reversed from our first resistance where there is potential for further drop.
Entry : 1.0095
Why it’s good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.0123
Why it’s good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement
Take Profit : 1.0008
Why it’s good : horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension
The material has been provided by InstaForex Company – www.instaforex.com
Price reversed from our first resistance where there is potential for further drop.
Entry : 1.0095
Why it’s good : 23.6% Fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.0123
Why it’s good : horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement
Take Profit : 1.0008
Why it’s good : horizontal overlap support, 61.8% Fibonacci retracement, 61.8% Fibonacci extension
The material has been provided by InstaForex Company – www.instaforex.com
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