EUR/USD approaching support, potential for bounce!

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Trading Recommendation

Entry: 1.11344

Reason for Entry: horizontal pullback support, 23.6% fibonacci retracement

Take Profit : 1.11600

Reason for Take Profit:

50% Fibonacci retracement, horizontal overlap resistance

Stop Loss: 1.11207

Reason for Stop loss:

38.2% fibonacci retracement

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