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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD under bearish pressure, potential for further drop!

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EURUSD is facing bearish pressure from our first resistance.

Entry: 1.11082

Why it's good : horizontal swing high resistance, 76.4% fibonacci retracement

Stop Loss : 1.11530

Why it's good : horizontal swing high resistance

Take Profit : 1.10205

Why it's good: 61.8% fibonacci extension, 50% fibonacci retracement

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