Tickmill
Short

EURUSD testing major resistance, potential for a nice reversal!

FX:EURUSD   Euro / U.S. Dollar
EURUSD             is testing major resistance at 1.2363 ( Fibonacci retracement , horizontal swing high resistance, bearish divergence, Fibonacci extension ) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 ( Fibonacci extension , horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. We’re also seeing strong bearish divergence vs price which is usually a precursor of a potential upcoming drop.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Guys, get more real-time updates on our trading ideas here : https://t.me/tickmillroom

This analysis is provided as general market commentary and does not constitute investment advice.
I hope your right regards Matt
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