Euro / U.S. DollarShort
EURUSD Approaching Resistance, Potential Drop
EURUSD is approaching its resistance at 1.165 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, overlap resistance) where a reversal to its support at 1.1595 (50% Fibonacci retracement, horizontal pullback support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop could occur.
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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.