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MT5.com - EUR/USD approaching resistance, potential for big drop!

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Forex Analysis:::2019-11-08

EUR/USD approaching resistance, potential for big drop!

Price is approaching our first resistance at 1.10654 where we are expecting a drop to our first support level at 1.09994

Entry: 1.10654

Previous breakout level, 23.6% Fibonacci retracement

Take Profit : 1.09994

Why it's good : 61.8% Fibonacci retracement, 78.6% Fibonacci extension, horizontal pullback support

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Dean Leo
Analyst InstaForex
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