Price is approaching our first support where we might see a corresponding bounce in price.
Entry : 1.0157
Why it's good : horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement
Stop Loss : 1.0131
Why it's good : 100% Fibonacci extension, horizontal swing low support
Take Profit : 1.0197Why it's good : horizontal swing high resistance, 76.4% Fibonacci retracement, descending resistance line
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.