FX.co - EUR/USD bouncing off nicely off first support, potential for further upside!

2019-10-24T02:47:38

Relevance until2019-10-24

Entry: 1.11079

Why is it good: Horizontal pullback support, 23.6% fibonacci retracement, 100% fibonacci extension

Stop Loss: 1.10626

Why is it good: Horizontal pullback support, 38.2% fibonacci retracement

Take Profit: 1.11671

Why is it good: horizontal overlap resistance, 78.6% fibonacci retracement

*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 bouncing off nicely off first support, potential for further upside!