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EURUSD approaching resistance, potential drop!

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Euro / Dólar Americano (FX:EURUSD)  
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FX:EURUSD   Euro / Dólar Americano
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdlong eurusdshort Forex forextrading forexsignal
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trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdlong eurusdshort forex forextrading forexsignal
EURUSD is approaching our first support at 1.1379 (horizontal swing high support, 78.4% fibonacci retracement, 100% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.1379 (61.8% fibonacci extension, 61.8% fibonacci retracement, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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