EUR/USD testing resistance, potential drop!

By | December 5, 2019
InstaForex
EUR/USD testing resistance, potential drop!

Long-term review

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Trading Recommendation

Entry: 1.10944

Reason for Entry: 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance

Take Profit : 1.09994

Reason for Take Profit: Horizontal overlap support, 61.8% Fibonacci retracement, 78.6% Fibonacci extension

Stop Loss: 1.11419

Reason for Stop loss:

horizontal swing high resistance, 78.6% 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 © 2007-2019

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NZD/USD further rise in progress!

Further rise is expected above support towards resistance at 0.658. Intermediate support is at 0.65400.

USD/JPY approaching support, potential bounce!

Price is approaching our first support at 107.898 where we are expecting a bounce to our first resistance level at 109.852

EUR/JPY approaching support, potential bounce!

Price is approaching our first resistance at 120.0051 where we are expecting a drop to our first support level at 120.6125

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