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

2020-06-30T04:18:36

Relevance until2020-07-01

Trading Recommendation

Entry: 1.12888

Reason for Entry: Horizontal swing high resistance and 61.8% fibonacci retracement

Take Profit: 1.11514

Reason for Take Profit: Horizontal pullback support, 50% fibonacci retracement, 78.6% fibonacci extension

Stop Loss: 1.13382

Reason for Take Profit: Horizontal swing high resistance

*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