EUR/USD facing bearish pressure, potential for further drop!

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Trading Recommendation

Entry: 1.13310

Reason for Entry: 38.2% fibonacci retracement and horizontal pullback resistance

Take Profit: 1.11704

Reason for Take Profit: 38.2% fibonacci retracement and horizontal swing low support

Stop Loss: 1.13942

Reason for Take Profit: 61.8% fibonacci extension, horizontal swing high resistance, 76.4% fibonacci retracement

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