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

2019-07-25T04:14:27

Long-term review

EURUSD is approaching our first support where we are expecting a bounce above this level.

Entry: 1.1120

Why it's good : horizontal swing low support

Stop Loss : 1.1187

Why it's good : 100% Fibonacci extension

Take Profit : 1.1187

Why it's good: 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance

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!