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EURUSD testing resistance, potential reversal

analytics5ec359c4b69d6.jpg

Trading Recommendation

Entry: 1.09203

Reason for Entry: 127.2% fibonacci extension and 61.8% fibonacci retracement, horizontal overlap resistance

Take Profit: 1.08348

Reason for Take Profit: horizontal pullback support, 61.8% fibonacci retracement

Stop Loss: 1.09630

Reason for Stop loss: 76.4% fibonacci retracement

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