EUR/USD facing bearish pressure, potential for further drop

Exchange Rates 30.06.2020 analysis

Trading Recommendation

Entry: 1.12888

Reason for Entry: Horizontal swing high resistance and 61.8% fibonacci retracement

Take Profit: 1.11514

Reason for Take Profit: Horizontal pullback support, 50% fibonacci retracement, 78.6% fibonacci extension

Stop Loss: 1.13382

Reason for Take Profit: Horizontal swing high resistance

Source: https://www.instaforex.com/forex_analysis/178771/

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