easyMarkets
Short

EURUSD approaching resistance, potential drop!

FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching our first resistance at 1.1362 (horizontal pullback resistance, 76.4% Fibonacci retracement100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 1.1318 (horizontal swing low support, 23.6% Fibonacci retracement ).
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.
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