easyMarkets
Short

EURUSD facing bearish pressure, potential big drop!

FX:EURUSD   Euro / U.S. Dollar
Price is facing bearish pressure from our first resistance at 1.1190 (61.8% Fibonacci extension , 23.6% Fibonacci retracement , Horizontal pullback resistance) where we can expect a further drop to our major support level at 1.1126 (Horizontal swing low support).
Stochastic is also approaching our descending resistance line.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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