FX.co - EUR/USD facing bearish pressure from resistance, big drop coming up!

2019-09-25T07:45:40

Long-term review

EURUSD is facing bearish pressure from our first resistance at 1.10005.

Entry: 1.10005

Why it's good : 23.6% fibonacci retracement, horizontal overlap resistance, 61.8% fibonacci extension

Stop Loss : 1.10244

Why it's good : 38.2% Fibonacci retracement, horizontal overlap resistance, 100% fibonacci extension

Take Profit : 1.09563

Why it's good: 100% Fibonacci extension

EUR/USD facing bearish pressure from resistance, big drop coming up!

*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 from resistance, big drop coming up!