EUR/USD approaching resistance, potential drop!

analytics5ceb478105b0e.jpg

Price is approaching our first resistance level.

Entry : 1.1227

Why it's good : 76.4% Fibonacci retracement, descending resistance line, 61.8% Fibonacci extension

Stop Loss : 1.1266

Why it's good : horizontal swing high resistance

Take Profit : 1.1180

Why it's good : 38.2% Fibonacci retracement, horizontal overlap support

analytics5ceb475944423.png

The material has been provided by InstaForex Company - www.instaforex.com
RobotFX ~ Profitable Metatrader expert advisors and indicators

Comments