FX.co - EUR/USD facing bearish pressure from our first resistance level, potential big drop upcoming!

2019-09-27T07:15:50

Long-term review

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

Entry: 1.09308

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

Stop Loss : 1.09673

Why it's good : horizontal overlap resistance, 61.8% fibonacci extension, 23.6% fibonacci retracement

Take Profit : 1.08732

Why it's good: 100% fibonacci extension

EUR/USD facing bearish pressure from our first resistance level, potential big drop upcoming!

*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 our first resistance level, potential big drop upcoming!