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FX.co ★ EUR/USD facing bearish pressure from resistance, potential for drop!

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Forex Analysis:::2019-09-03T07:07:24

EUR/USD facing bearish pressure from resistance, potential for drop!

EUR/USD facing bearish pressure from resistance, potential for drop!

EURUSD is facing bearish pressure from our first resistance where we could be seeing a further drop below this level.

Entry: 1.09727

Why it's good : breakout level, horizontal overlap resistance

Stop Loss : 1.10559

Why it's good : 50% Fibonacci retracement, horizontal pullback resistance

Take Profit : 1.08649

Why it's good: Horizontal overlap support, 76.4% Fibonacci retracement

EUR/USD facing bearish pressure from resistance, potential for drop!

Analyst InstaForex
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