EURUSD approaching resistance, watch for potential drop!
EURUSD is approaching our first resistance at 1.1724 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1590 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance line and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching our resistance line and we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.