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

2019-09-18T04:43:32

Long-term review

EURUSD is approaching our first support level.

Entry: 1.10589

Why it's good : 23.6% Fibonacci retracement, horizontal overlap support

Stop Loss : 1.10365

Why it's good : 38.2% Fibonacci retracement

Take Profit : 1.11049

Why it's good: 100% Fibonacci extension, horizontal swing high resistance

EUR/USD approaching support, potential for big 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 for big bounce!