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

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Forex Analysis:::2019-08-08T06:12:07

EUR/USD approaching resistance, potential drop!

EUR/USD approaching resistance, potential drop!

EURUSD is approaching our first resistance at 1.1281 where we might be seeing a drop below this level.

Entry: 1.1281

Why it's good : 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance

Stop Loss : 1.1325

Why it's good : horizontal swing high resistance, 76.4% fibonacci retracement

Take Profit : 1.1166

Why it's good: Horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

EUR/USD approaching resistance, potential drop!

Analyst InstaForex
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