Price is approaching resistance where we might see a corresponding drop in price to our first support level.
Entry : 1.12270
Why it's good : horizontal overlap resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement
Stop Loss : 1.1277
Why it's good : 76.4% Fibonacci retracement, pullback retracement
Take Profit : 1.1144
Why it's good : horizontal swing low support, 61.8% Fibonacci extension
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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