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Nov 19, 2018 3:28 AM

EURUSD Reversed Off Resistance, Potential For A Further Drop Short

Euro Fx/U.S. DollarFXCM

Description

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.
Comments
SimpleTradingTechniques
AlexKuptsikevich
Thanks for your idea! To my mind, here is a bullish trend to be in the nearest future:

ichimoko

Boon2
EURUSD H4 Expanding Flat C up.
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