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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD approaching resistance, potential drop!

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Price is approaching our first resistance level.

Entry : 1.1227

Why it's good : 76.4% Fibonacci retracement, descending resistance line, 61.8% Fibonacci extension

Stop Loss : 1.1266

Why it's good : horizontal swing high resistance

Take Profit : 1.1180

Why it's good : 38.2% Fibonacci retracement, horizontal overlap support

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