HotForex
Short

CSCO Reversed Off Resistance, Potential Reversal!

NASDAQ:CSCO   CISCO SYSTEMS INC
CSCO reversed off its resistance at 43.47 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where it could potentially drop further down to its support at 40.73 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
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