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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 support, potential bounce!

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EURUSD is approaching support where we might be seeing a bounce above this level.

Entry: 1.1197

Why it's good : horizontal swing low support, 61.8% Fibonacci extension

Stop Loss : 1.1181

Why it's good : 76.4% Fibonacci retracement, Horizontal swing low support

Take Profit : 1.1244

Why it's good: 50% Fibonacci retracement, Horizontal pullback resistance, 100% Fibonacci extension

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