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ICmarkets
Aug 20, 2018 3:42 AM

EURUSD Reversed Off Resistance, Potential Drop! Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD reversed off its resistance at 1.1440 (38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 1.1301(horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
Comments
InvestingScope
Now the price is near a Lower High on the 1D Channel Down and we are looking for a much lower target:

Ronnie_Dong
prlhorovae
you have helped me greatly thanks!
phongluunam
so! right ?
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