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EURUSD reversing nicely, potential further drop!

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Euro / Dólar Americano (FX:EURUSD)  
Tickmill Corretora  
FX:EURUSD   Euro / Dólar Americano
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal
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trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal


EURUSD has started to drop perfectly from our major resistance level. Now major resistance is changed to 1.2208 (Fibonacci retracement, horizontal overlap resistance, breakout level) and a further drop from this level could occur pushing price down to 1.2090 support (Fibonacci retracement, horizontal pullback support).

Stochastic (55,5,3) is seeing major resistance below 97% and has good downside potential.

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