Price is approaching a key support at 110.07 where it could potentially bounce to its resistance.
Entry : 110.7
Why it’s good :horizontal swing low support,78.6% fibonacci retracement.100% Fibonacci extension
Stop Loss : 109.72
Why it’s good :horizontal swing low support
Take Profit : 111.14
Why it’s good :horizontal swing high resistance,50% fibonacci retracement, 61.8% Fibonacci extension
The material has been provided by InstaForex Company – www.instaforex.com
Price is approaching a key support at 110.07 where it could potentially bounce to its resistance.
Entry : 110.7
Why it’s good :horizontal swing low support,78.6% fibonacci retracement.100% Fibonacci extension
Stop Loss : 109.72
Why it’s good :horizontal swing low support
Take Profit : 111.14
Why it’s good :horizontal swing high resistance,50% fibonacci retracement, 61.8% Fibonacci extension
The material has been provided by InstaForex Company – www.instaforex.com
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