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

2020-05-13T06:09:23

Relevance until2020-05-14

Trading Recommendation

Entry: 1.08918

Reason for Entry: Horizontal overlap resistance, 50% fibonacci retracement, 100% fibonacci extension

Take Profit : 1.07747

Reason for Take Profit: horizontal swing low support

Stop Loss: 1.09264

Reason for Stop loss: Horizontal swing high resistance, 61.8% 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!