FX.co - EUR/USD testing its intermediate support, potential drop if broken!

2019-07-05T08:59:14

Relevance until2019-07-06

EURUSD is testing its intermediate support where if broken, gives us a confirmation of a further move down.

Entry: 1.2701

Why it's good : 61.8% Fibonacci retracement

Stop Loss : 1.1303

Why it's good : 23.6% Fibonacci retracement

Take Profit : 1.1249

Why it's good: 61.8% & 100% Fibonacci extension

EUR/USD testing its intermediate support, potential drop if broken!

*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 testing its intermediate support, potential drop if broken!