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Euro / U.S. Dollar
Short

EURUSD Index Approaching Resistance, Prepare For A Reversal

By Klimex




EURUSD is approaching its resistance at 1.1246 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 1.1184 (horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding bounce could occur.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsEUREURUSDforexsignalsHarmonic PatternsTrend AnalysisUSD

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