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FX.co ★ EUR/USD under bearish pressure, potential for further drop!

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Forex Analysis:::2019-09-16T05:07:34

EUR/USD under bearish pressure, potential for further drop!

EUR/USD under bearish pressure, potential for further drop!

EURUSD is facing bearish pressure from our first resistance.

Entry: 1.11082

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

Stop Loss : 1.11530

Why it's good : horizontal swing high resistance

Take Profit : 1.10205

Why it's good: 61.8% fibonacci extension, 50% fibonacci retracement

EUR/USD under bearish pressure, potential for further drop!

Analyst InstaForex
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