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

By | January 16, 2020
InstaForex
EUR/USD bouncing off support, potential for further rise!

Relevance up to 02:00 2020-01-17 UTC–8

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Trading Recommendation

Entry: 1.10785

Reason for Entry: horizontal swing low support, 61.8% fibonacci retracement

Take Profit : 1.12465

Reason for Take Profit:

78.6% Fibonacci retracement, 78.6% Fibonacci extension, horizontal swing high resistance

Stop Loss: 1.10700

Reason for Stop loss:

horizontal swing low support, 78.6% Fibonacci retracement

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020

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USD/CAD bounce in progress above support!

USDCAD bounce above support at 1.30425 towards resistance at 1.30950

USD/JPY potential bounce coming!

Price can potentially make a limited pushup

USD/CAD bounce in progress above support!

USDCAD bounce above support at 1.30425 towards resistance at 1.30950

InstaForex

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