FX.co ★ EUR/USD approaching resistance, potential drop!

Trading Recommendation

Entry: 1.11104

Reason for Entry:

Horizontal overlap resistance, 38.2% Fibonacci retracement, 78.6% fibonacci extension

Take Profit : 1.10667

Reason for Take Profit: horizontal swing low support, 61.8% fibonacci retracement

Stop Loss: 1.11541

Reason for Stop loss:

Horizontal swing high resistance, 61.8% Fibonacci retracement