FX.co - EUR/USD facing bearish pressure from resistance, potential for drop!

2019-09-04T07:39:34

Long-term review

EURUSD is facing baerish pressure from our first resistance where we could be seeing a further drop below this level.

Entry: 1.09727

Why it's good : breakout level, horizontal overlap resistance

Stop Loss : 1.10559

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

Take Profit : 1.08649

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

EUR/USD facing bearish pressure from resistance, potential for 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 facing bearish pressure from resistance, potential for drop!