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

2019-09-05T04:49:43

Long-term review

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

Entry: 1.10559

Why it's good : horizontal pullback resistance, 50%, 38.2% fibonacci retracement

Stop Loss : 1.10811

Why it's good : 61.8% Fibonacci retracement, horizontal swing high resistance

Take Profit : 1.09317

Why it's good: Horizontal swing low support

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!