21.10.201905:40 Forex Analyse & Reviews: EURUSD approaching resistance, potential big drop coming up!

Price is approaching our first resistance which comprises of a horizontal overlap resistance, 78.6% fiboancci retracement where we are expecting a drop below this level to our first support level at 1.11018 which is also a horizontal pullback support level in line with the 23.6% fibonacci retracement and 100% fibonacci extension.

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

Uitgevoerd door Dean Leo,
Analytische expert
InstaForex Group © 2007-2020
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