Get started
easyMarkets

EURUSD facing bearish pressure, potential big drop!

Short
Euro / U.S. Dollar (FX:EURUSD)  
easyMarkets Broker  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD eurusdlong eurusdshort
53
0
trendanalysis harmonicpatterns chartpattern eurusd eur usd eurusdlong eurusdshort
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.

Come join us today at : www.easymarkets.com/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.