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

2020-02-21T09:26:05

Relevance until2020-02-22

Trading Recommendation

Entry: 1.08000

Reason for Entry: 78.6 % Fibonacci extension, 78.6% fibonacci retracement, Horizontal pullback support

Take Profit : 1.12220

Reason for Take Profit: 23.6% Fibonacci retracement, Horizontal swing high resistance

Stop Loss: 1.06000

Reason for Stop loss: Horizontal swing low support, 88% Fibonacci retracement, 100% Fibonacci extension

*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 support, potential bounce!