EURUSD approaching its resistance, potential for a drop!
EURUSD approaching its resistance at 1.2461 (74.6% Fibonacci retracement) where a reaction could occur, causing price to fall to its 1st support at 1.2375 (50% Fibonacci retracement, 38.2% Fibonacci retracement). We have also identified a 2nd resistance at 1.2491 (100% Fibonacci extension, channel exit potential).
Stochastic (89, 5 3) is approaching its resistance at 98% where a potential reaction could occur.
Stochastic (89, 5 3) is approaching its resistance at 98% where a potential reaction could occur.
Trade closed: target reached
nice! dropped to our support target!
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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.