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

2019-07-18T03:58:11

Long-term review

EURUSD is approaching resistance where we might be seeing a reversal below this level.

Entry: 1.1244

Why it's good : horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement

Stop Loss : 1.1277

Why it's good : 38.2% Fibonacci retracement, Horizontal overlap resistance

Take Profit : 1.1194

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

EUR/USD approaching resistance, potential reversal!

*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!