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

2020-02-03T09:07:33

Relevance until2020-02-04

Trading Recommendation

Entry: 1.11180

Reason for Entry: 61.8% fibonacci retracement, horizontal swing high resistance

Take Profit : 1.09870

Reason for Take Profit: Horizontal swing low support, 1.272% fibonacci extension

Stop Loss: 1.11990

Reason for Stop loss: Horizontal swing high 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 approaching resistance, potential drop!