Euro / U.S. DollarShort
EURUSD Approaching Resistance, Potential Reversal!
EURUSD is approaching its resistance at 1.1727 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where price could react off, causing it to fall to its support at 1.1596 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal pullback support).
Stochastic (55, 5, 3) is testing its resistance at 95% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is testing its resistance at 95% where a corresponding reversal 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.