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EURUSD testing major resistance, prepare for a potential drop!

Short
Euro / U.S. Dollar (FX:EURUSD)  
Tickmill Broker  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal
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trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdshort eurusdlong eurusdprediction eurusdforecast eurusdidea eurusdsignal
EURUSD is testing major resistance at 1.2294 (Fibonacci extension, horizontal swing high resistance, bearish butterfly harmonic formation) and a strong drop could occur from this level pushing price all the way down to 1.2090 support (Fibonacci retracement, horizontal pullback support).

Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding drop could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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