FX.co - EUR/USD facing bullish pressure, potential for further upside

2020-06-03T08:10:32

Relevance until2020-06-04

Trading Recommendation

Entry: 1.11480

Reason for Entry: 23.6% fibonacci retracement, 127.2% fibonacci extension and horizontal pullback support

Take Profit: 1.12897

Reason for Take Profit: Horizontal pullback resistance, 76.4% fibonacci retracement

Stop Loss: 1.10791

Reason for Take Profit: Horizontal swing low support, 38.2% 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 bullish pressure, potential for further upside