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

2020-06-26T02:07:02

Relevance until2020-06-27

Trading Recommendation

Entry: 1.12367

Reason for Entry: Horizontal overlap resistance and 38.2% fibonacci retracement

Take Profit: 1.11514

Reason for Take Profit: Horizontal pullback support, 50% fibonacci retracement, 127.2% fibonacci extension

Stop Loss: 1.12833

Reason for Take Profit: Horizontal swing high resistance, 50% 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