FX.co - EURUSD testing resistance, potential reversal

2020-05-19T04:00:36

Relevance until2020-05-20

Trading Recommendation

Entry: 1.09203

Reason for Entry: 127.2% fibonacci extension and 61.8% fibonacci retracement, horizontal overlap resistance

Take Profit: 1.08348

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

Stop Loss: 1.09630

Reason for Stop loss: 76.4% 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 ★ EURUSD testing resistance, potential reversal