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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 resistance, potential reversal!

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EURUSD is approaching resistance where we might be seeing a reversal below this level.

Entry: 1.1244

Why it's good : horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement

Stop Loss : 1.1277

Why it's good : 38.2% Fibonacci retracement, Horizontal overlap resistance

Take Profit : 1.1194

Why it's good: Horizontal swing low support, 61.8% Fibonacci extension

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