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

Posted On 14 Jan 2020

By : InstaForex

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!

About the Author

InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

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