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EUR/USD approaching resistance, potential drop!

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Trading Recommendation

Entry: 1.09679

Reason for Entry: Horizontal swing high resistance, 78.6% fibonacci extension, 50% fibonacci retracement

Take Profit : 1.08445

Reason for Take Profit: Horizontal swing low support , 61.8% Fibonacci retracement

Stop Loss: 1.10368

Reason for Stop loss: Horizontal swing high resistance

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