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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!

Price is approaching our first support at 1.09994 where we are expecting a bounce to our first resistance level at 1.10944

Entry: 1.09994

78.6% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support

Take Profit : 1.10944

Why it's good : horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement

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