EURUSD Approaching Resistance, Potential Drop
EURUSD is approaching its resistance at 1.165 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, overlap resistance) where a reversal to its support at 1.1595 (50% Fibonacci retracement, horizontal pullback support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop could occur.
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