Klimex

EURUSD Approaching Resistance, Prepare For A Reversal

Short
FX:EURUSD   Euro / U.S. Dollar

EURUSD is approaching its resistance at 1.1362(100%Fibonacci extension, horizontal swing high resistance, 76.4% Fibonacci retracement) where it is expected to reverse down to its support at 1.1292 ( 38.2% Fibonacci retracement,horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance where a corresponding reversal is expected.
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