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FX.co ★ EUR/USD testing resistance, big drop coming up!

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Forex Analysis:::2019-09-23T05:30:01

EUR/USD testing resistance, big drop coming up!

EUR/USD testing resistance, big drop coming up!

EURUSD is testing our first resistance at 1.10263 where we are expecting a reversal below this level.

Entry: 1.10263

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

Stop Loss : 1.10441

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

Take Profit : 1.09989

Why it's good: 61.8% Fibonacci extension, horizontal swing low support, 61.8% fibonacci retracement

EUR/USD testing resistance, big drop coming up!

Analyst InstaForex
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