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

28 November 2019 at 5:30AM (UTC+0)

Long-term review

Price is approaching our first support at 1.09994 where we are expecting a bounce to our first resistance level at 1.10944

Entry: 1.09994

78.6% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support

Take Profit : 1.10944

Why it's good : horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement

EUR/USD approaching support, potential 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 bounce!