EUR/USD approaching resistance, potential drop!

Posted On 30 Dec 2019

By : InstaForex

Trading Recommendation

Entry: 1.11104

Reason for Entry:

Horizontal overlap resistance, 38.2% Fibonacci retracement, 78.6% Fibonacci extension

Take Profit : 1.10667

Reason for Take Profit: horizontal swing low support, 61.8% Fibonacci retracement

Stop Loss: 1.11541

Reason for Stop loss:

Horizontal swing high resistance, 61.8% Fibonacci retracement

The material has been provided by InstaForex Company – www.instaforex.com

Source:: EUR/USD approaching resistance, potential drop!

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