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Tickmill
Mar 13, 2018 6:51 AM

EURUSD approaching strong resistance,prepare potential reaction Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD is approaching strong resistance at 1.2365 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2165 (Fibonacci extension, major horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Comments
Walentine
agree!
vistula
that will be nice 1.2165 Regards Matt
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