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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

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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