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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 profit target reached perfectly, time to sell

Price has shot up and reached our profit target perfectly. We prepare to sell below major resistance at 1.0735 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 1.0674 support (Fibonacci retracement, horizontal pullback support).

Stochastic (55,5,3) is seeing strong resistance below the 98% level where we expect a drop from.

Sell below 1.0735. Stop loss at 1.0674. Take profit at 1.0776.

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