EUR/USD approaching resistance, potential for big drop!

Price is approaching our first resistance at 1.10654 where we are expecting a drop to our first support level at 1.09994

Entry: 1.10654

Previous breakout level, 23.6% Fibonacci retracement

Take Profit : 1.09994

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


The material has been provided by InstaForex Company -