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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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EURUSD is approaching resistance where we might see a drop in price.

Entry: 1.1448

Why it's good : Horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement

Stop Loss : 1.1493

Why it's good : Horizontal swing high resistance

Take Profit : 1.1346

Why it's good: 61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal pullback support

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