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EURUSD Testing Resistance, Potential Reversal

Por ICmarkets
Corretora
EURUSD is testing its resistance at 1.1622 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 1.1556 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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ICmarkets
Corretora
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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