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

5 February 2020 at 9:53AM (UTC+0)

Relevance until6 February 2020 at 9:53AM (UTC+0)

Trading Recommendation

Entry:1.09870

Reason for Entry: 127.2% fibonacci extension

Take Profit : 1.11180

Reason for Take Profit: Horizontal swing high resistance, 61.8% fibonacci retracement

Stop Loss: 1.09184

Reason for Stop loss: 168.1% fibonacci extension

*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!