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

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Forex Analysis:::2019-09-06T09:33:36

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: 1.10559

Why it's good : horizontal pullback resistance, 50%, 38.2% fibonacci retracement

Stop Loss : 1.10811

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

Take Profit : 1.09317

Why it's good: Horizontal swing low support

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

Analyst InstaForex
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