FX.co - EUR/USD approaching resistance, potential drop!

2020-05-11T06:51:48

Relevance until2020-05-12

Trading Recommendation

Entry: 1.08941

Reason for Entry: Horizontal overlap resistance, 50% fibonacci retracement, and 61.8% fibonacci extension

Take Profit : 1.07749

Reason for Take Profit: Horizontal swing low support

Stop Loss: 1.09318

Reason for Stop loss: Horizontal swing high resistance, 61.8% fibonacci retracement

*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 resistance, potential drop!