FX.co - EUR/USD facing bearish pressure from resistance, potential for further drop!

2020-05-04T05:30:11

Relevance until2020-05-05

Trading Recommendation

Entry: 1.09948

Reason for Entry: Horizontal overlap resistance, 61.8% fibonacci retracement and 1.272% fibonacci extension

Take Profit : 1.08706

Reason for Take Profit: Horizontal pullback support, 50% fibonacci retracement

Stop Loss: 1.10692

Reason for Stop loss: 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 facing bearish pressure from resistance, potential for further drop!