EURUSD approaching resistance, potential drop!

EURUSD is approaching our first resistance at 1.1657 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and price might drop to our major support at 1.1512 (horizontal swing low support).
Stochastic (55,5,3) is also approaching our resistance where we might see a corresponding drop in price.
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Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD

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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