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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!

Price is approaching our first resistance where we are expecting a drop below this level.

Entry: 1.10944

50% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance

Take Profit : 1.09994

Why it's good : 61.8% Fibonacci retracement, 78.6% Fibonacci extension, horizontal overlap support

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