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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 testing resistance, big drop coming up!

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EURUSD is testing our first resistance at 1.10263 where we are expecting a reversal below this level.

Entry: 1.10263

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

Stop Loss : 1.10441

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

Take Profit : 1.09989

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

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