FX.co - EUR/USD facing bearish pressure, potential for further drop!

12 June 2020 at 3:52AM (UTC+0)

Relevance until13 June 2020 at 3:52AM (UTC+0)

Trading Recommendation

Entry: 1.13310

Reason for Entry: 38.2% fibonacci retracement and horizontal pullback resistance

Take Profit: 1.11704

Reason for Take Profit: 38.2% fibonacci retracement and horizontal swing low support

Stop Loss: 1.13942

Reason for Take Profit: 61.8% fibonacci extension, horizontal swing high resistance, 76.4% 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 facing bearish pressure, potential for further drop!