Price is approaching its support where we expect to see a bounce up to its resistance.
Entry : 0.6558
Why it’s good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support
Stop Loss : 0.6537
Why it’s good : 76.4% Fibonacci retracement
Take Profit : 0.6587
Why it’s good : Horizontal swing high resistance, 23.6% Fibonacci retracement
The material has been provided by InstaForex Company – www.instaforex.com