Euro / U.S. DollarShort
EURUSD facing bearish pressure, potential big drop!
Price is facing bearish pressure from our first resistance at 1.1190 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal pullback resistance) where we can expect a further drop to our major support level at 1.1126 (Horizontal swing low support).
Stochastic is also approaching our descending resistance line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic is also approaching our descending resistance line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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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.
Come join us today at : easymarkets.com/
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.