FX.co - EUR/USD under bearish pressure, potential for further drop!

2019-09-16T05:03:42

Long-term review

EURUSD is facing bearish pressure from our first resistance.

Entry: 1.11082

Why it's good : horizontal swing high resistance, 76.4% fibonacci retracement

Stop Loss : 1.11530

Why it's good : horizontal swing high resistance

Take Profit : 1.10205

Why it's good: 61.8% fibonacci extension, 50% fibonacci retracement

EUR/USD under bearish pressure, potential for further 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 under bearish pressure, potential for further drop!