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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!

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EURUSD is approaching support where we might see a bounce in price.

Entry: 1.1310

Why it's good : Horizontal pullback support, 38.2% fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.1245

Why it's good : Horizontal pullback support, 100% Fibonacci extension, 76.4% Fibonacci retracement

Take Profit : 1.1422

Why it's good: Horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement

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