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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 facing bearish pressure from our first resistance level, potential big drop upcoming!

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EURUSD is facing bearish pressure from our first resistance level where we could be seeing a further drop to our first support level.

Entry: 1.09665

Why it's good : 23.6% fibonacci retracement, horizontal overlap resistance, 61.8% fibonacci extension

Stop Loss : 1.09869

Why it's good : horizontal pullback resistance, 38.2% fibonacci retracement

Take Profit : 1.08732

Why it's good: 100% fibonacci extension

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