Euro / U.S. DollarShort
EURUSD Tested Resistance, Potential For A Drop!
EURUSD tested its resistance at 1.1722 (23.6% Fibonacci retracement, channel resistance, horizontal overlap resistance) where we price could fall to its support at 1.1536 (horizontal swing low support). We do have to be cautious of the intermediate support at 1.1612 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) has reversed from its intermediate resistance at 87% where we expect to see a corresponding drop.
Stochastic (55, 5, 3) has reversed from its intermediate resistance at 87% where we expect to see a corresponding drop.
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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.