FX.co - EUR/USD approaching resistance, potential reversal below this level!

2019-05-06T02:32:35

Long-term review

Price is approaching our first resistance where we remain bearish below this level.

Entry : 1.1227

Why it's good : horizontal overlap resistance, 38.2% fibonacci retracement

Stop Loss : 1.1277

Why it's good : 76.4% fibonacci retracement, horizontal pullback resistance

Take Profit : 1.1139

Why it's good : horizontal swing low support

EUR/USD approaching resistance, potential reversal below this level!

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

Analytical expert

Dean Leo

FX.co ★ EUR/USD approaching resistance, potential reversal below this level!