30.09.201906:25 Forex Analysis & Reviews: EUR/USD facing bearish pressure from our first resistance level, potential big drop upcoming!

Long-term review

Exchange Rates 30.09.2019 analysis

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

Entry: 1.09665

Why it's good : 23.6% fibonacci retracement, horizontal overlap resistance, 61.8% fibonacci extension

Stop Loss : 1.09869

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

Take Profit : 1.08732

Why it's good: 100% fibonacci extension

Exchange Rates 30.09.2019 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
InstaForex Group © 2007-2020
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