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

2019-08-26T07:25:36

Long-term review

EURUSD is approaching our first resistance where we might be seeing a drop below this level.

Entry: 1.1176

Why it's good : 61.8% fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.1212

Why it's good : 78.6% fibonacci retracement

Take Profit : 1.11073

Why it's good: Horizontal pullback support, 100% fibonacci extension, 50% Fibonacci retracement

EUR/USD approaching resistance, potential drop!

*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 drop!