EURUSD approaching resistance, potential reversal!
EURUSD is approaching our first resistance at 1.1814 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.1734 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,3) is also approaching our major resistance and a reaction off this level might see a corresponding drop in price.
Stochastic (55,3) is also approaching our major resistance and a reaction off this level might see a corresponding drop in price.
İşlem kapandı: hedefe ulaştı:
Caught the drop perfectly on this one :)
Yorum:
Do check our signature to get access to our official telegram group where we'll be doing our best to provide real-time updates to our trading ideas!
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.