FX.co - EUR/USD approaching support, potential bounce!

2019-06-06T01:48:58

Long-term review

Price is approaching our first support where we might be seeing a bounce above this level.

Entry : 1.1213

Why it's good : Horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension, short term ascending support line

Stop Loss : 1.1180

Why it's good : 61.8% Fibonacci retracement

Take Profit : 1.1255

Why it's good : 50% Fibonacci retracement, 61.8% Fibonacci extension

EUR/USD approaching support, potential bounce!

*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 support, potential bounce!