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EURUSD Reversed Off Resistance, Potential For A Further Drop

FX:EURUSD   Euro / U.S. Dollar
EURUSD reversed off its resistance at 1.1418 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop further to its support at 1.1353 (38.2% Fibonacci retracement , horizontal overlap support). Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
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Thanks for your idea! To my mind, here is a bullish trend to be in the nearest future:
+1 Reply
EURUSD H4 Expanding Flat C up.
+1 Reply
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