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

2020-06-22T03:22:40

Relevance until2020-06-23

Trading Recommendation

Entry: 1.12354

Reason for Entry: Horizontal swing high resistance, 23.6% fibonacci retracement and 100% fibonacci extension

Take Profit: 1.10263

Reason for Take Profit: 161.8% fibonacci extension, horizontal pullback support, 61.8% fibonacci retracement

Stop Loss: 1.12760

Reason for Take Profit: Horizontal swing high resistance, 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 bearish pressure, potential for further drop!