Euro / U.S. Dollar
Short

EURUSD Testing Resistance, Prepare For Reversal

2 995
EURUSD is testing its resistance at 1.1631 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1523 (38.2% Fibonacci retracement) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.

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