Price approaching its resistance and we expect to see a reversal to its support at 0.6976.
Entry : 0.7012
Why it’s good : 50% Fibonacci retracement, 100% Fibonacci extension, horizontal swing high resistance
Stop Loss : 0.7063
Why it’s good : 61.8% Fibonacci retracement
Take Profit : 0.6976
Why it’s good : 38.2% Fibonacci retracement, horizontal pullback support
The material has been provided by InstaForex Company – www.instaforex.com