FX.co - EUR/USD approaching support, potential for big bounce!

2019-09-26T08:18:15

Long-term review

EURUSD is approaching our first support where we are expecting a bounce above this level.

Entry: 1.09876

Why it's good : 61.8% fibonacci retracement, horizontal swing low support, 61.8% fibonacci extension

Stop Loss : 1.09659

Why it's good : horizontal swing low support, 100% fibonacci extension

Take Profit : 1.10252

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

EUR/USD approaching support, potential for big bounce!

*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 approaching support, potential for big bounce!