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06.08.201908:55 Forex Analysis & Reviews: EUR/USD approaching resistance, potential drop!

Long-term review

Exchange Rates 06.08.2019 analysis

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 : 100% Fibonacci extension, 61.8% Fibonacci retracement, 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 pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

Exchange Rates 06.08.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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EURAUD Potential For Bearish Continuation | 30th June 2022
On the H4, with price recently breaking the ascending trendline, we have a bearish bias that price will drop from the 1st resistance at 1.51707 at the overlap resistance in line with 23.6% fibonacci retracement , 38.2% fibonacci retracement and 61.8% fibonacci projection to the 1st support at.
Author: Dean Leo
00:34 2022-06-30 UTC--4
793
GBPUSD Potential For Bearish Continuation | 30th June 2022
On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will rise and drop from our 1st resistance at 1.21657 where the horizontal overlap resistance is to our 1st support at 1.19313 where the horizontal swing low support and 61.8% fibonacci projection are..
Author: Dean Leo
00:30 2022-06-30 UTC--4
658
USDCAD, Potential For Bearish continuation | 30th June 2022
On the H4, with price's recent break of the ichimoku cloud and how it is moving within a descending channel , we have a bearish bias that price will continue to drop from the 1st resistance at 1.29124 in line with the horizontal pullback resistance and 38.2% Fibonacci retracement to the 1st.
Author: Dean Leo
00:27 2022-06-30 UTC--4
658
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