EUR/USD approaching support, potential bounce!

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EURUSD approaching our first support where we are expecting a bounce above this level.

Entry: 1.1195

Why it’s good : horizontal swing low support, 100% Fibonacci extesion

Stop Loss : 1.1178

Why it’s good : 76.4% Fibonacci retracement, Horizontal swing low support

Take Profit : 1.1245

Why it’s good: Horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

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

Source:: EUR/USD approaching support, potential bounce!

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