EUR/USD bouncing off support, potential for further rise!

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Trading Recommendation

Entry: 1.10952

Reason for Entry: horizontal overlap support, 78.6% fibonacci retracement, 100% Fibonacci extension

Take Profit : 1.12047

Reason for Take Profit:

78.6% Fibonacci retracement, horizontal swing high resistance

Stop Loss: 1.10700

Reason for Stop loss:

horizontal swing low support

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

Source:: EUR/USD bouncing off support, potential for further rise!

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