Euro / U.S. DollarShort
EURUSD testing major resistance, potential reversal!
EURUSD is testing major resistance at 1.2364 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance) where a possible reversal might happen. Price may fall to its 1st support at 1.2236 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal pull back support). If it breaks past this level it could possibly fall to its next resistance at 1.2161 (100% Fibonacci extension , L T 61.8% Fibonacci retracement , horizontal swing low support). We have also identified another resistance at 1.2403 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reversal could occur.
Stochastic (89, 5, 3) is approaching its resistance at 97.7% where a corresponding reversal could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.