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22.06.202005:22 Forex Analyse & Reviews: EUR/USD facing bearish pressure, potential for further drop!

Exchange Rates 22.06.2020 analysis

Trading Recommendation

Entry: 1.12354

Reason for Entry: Horizontal swing high resistance, 23.6% fibonacci retracement and 100% fibonacci extension

Take Profit: 1.10263

Reason for Take Profit: 161.8% fibonacci extension, horizontal pullback support, 61.8% fibonacci retracement

Stop Loss: 1.12760

Reason for Take Profit: Horizontal swing high resistance, 38.2% fibonacci retracement

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

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USDCHF holding below descending trendline resistance! Potential drop!
USDCHF is holding below descending trendline resistance and 1st resistance at 0.92736 in line with 50% Fibonacci retracement and 23.6% Fibonacci extension. A further push down towards 1st support at 0.92161 in line Horizontal swing low and 61.8% Fibonacci extension may be expected. Our bearish is.
Author: Dean Leo
23:56 2021-09-27 UTC--4
2443
AUDCAD bullish bounce| 28th Sep 2021
Price is holding above the descending trendline resistance turn support, showing a strong bullish momentum. Price is approaching the trendline support to retest and we can expect price to bounce up from 1st Support in line 127.2% Fibonacci Projection and previous swing low, towards the 1st.
Author: Dean Leo
23:55 2021-09-27 UTC--4
2683
USDCHF holding above ascending trendline support! Further bounce incoming!
USDCHF consolidating above ascending trendline support. Price could potentially push up further to 1st resistance at 0.93330 towards, in-line with 100% Fibonacci retracement, 61.8% Fibonacci extension and swing high resistance. Alternatively, price could drop and find support at 0.91645, in-line.
Author: Dean Leo
01:47 2021-09-27 UTC--4
4558
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