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

2019-11-11T02:44:12

Long-term review

Price is approaching our first support at 1.09994 where we are expecting a bounce above this level to our first resistance at 1.10654

Entry: 1.09994

78.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

Take Profit : 1.10654

Why it's good : 23.6% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance

EUR/USD approaching our support, potential 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 our support, potential bounce!