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Aug 23, 2018 4:06 AM

EURUSD Reversed Off Resistance, Potential For Further Drop Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD reversed off its resistance at 1.1629 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.1442 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
Comments
Anthony0417
still short!

umer_mahmood
Lovely analysis. Thanks
VishalR
Thank you
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