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

2019-07-17T05:46:13

Long-term review

EURUSD is approaching support where we might be seeing a bounce above this level.

Entry: 1.1197

Why it's good : horizontal swing low support, 61.8% Fibonacci extension

Stop Loss : 1.1181

Why it's good : 76.4% Fibonacci retracement, Horizontal swing low support

Take Profit : 1.1244

Why it's good: 50% Fibonacci retracement, Horizontal pullback resistance, 100% 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!