EURUSD testing resistance, potential reversal

By | May 19, 2020
InstaForex
EURUSD testing resistance, potential reversal

Relevance up to 23:00 2020-05-19 UTC–5

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Trading Recommendation

Entry: 1.09203

Reason for Entry: 127.2% fibonacci extension and 61.8% fibonacci retracement, horizontal overlap resistance

Take Profit: 1.08348

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

Stop Loss: 1.09630

Reason for Stop loss: 76.4% fibonacci retracement

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

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2020

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