Price is bouncing up 1st support at 108.118, a bounce could occur. Entry :108.118 Why it’s good : 23.6% Fibonacci retracement Horizontal pullback support 61.8% Fibonacci extension Take Profit : 108.73 Why it’s good :horizontal swing high resistance 61.8% & 50%Fibonacci retracement The material has been provided by InstaForex Company – www.instaforex.com