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Company does not offer investment advice and the analysis performed does not guarantee results

EURUSD is approaching our first resistance at 1.1351 (horizontal pullback resistance, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) where a strong drop might occur below this level to our first support level at 1.1284 (horizontal swing low support, 38.2% Fibonacci extension ).

Stochastic is also approaching resistance where we might see a corresponding drop in price.

Trading CFDs on margin carries high risk.

Losses can exceed the initial investment so please ensure you fully understand the risks.

Exchange Rates 18.04.2019 analysis

*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 Companies Group © 2007-2019
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