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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 our first support where we are expecting a bounce above this level.

Entry: 1.1120

Why it's good : horizontal swing low support

Stop Loss : 1.1187

Why it's good : 100% Fibonacci extension

Take Profit : 1.1187

Why it's good: 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance

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