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

2019-06-27T04:18:34

Relevance until2019-06-28

EURUSD is approaching support where we might see a bounce in price.

Entry: 1.1310

Why it's good : Horizontal pullback support, 38.2% fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.1245

Why it's good : Horizontal pullback support, 100% Fibonacci extension, 76.4% Fibonacci retracement

Take Profit : 1.1422

Why it's good: Horizontal swing high resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement

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!