ICmarkets
Short

EURUSD Testing Resistance, Potential Reversal

FX:EURUSD   Euro / U.S. Dollar
EURUSD is testing its resistance at 1.1622 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse down to its support at 1.1556 (38.2% Fibonacci retracement , horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
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Comments

thanks ICmarkets for the analysis once again!
+1 Reply
Interesting, thanks for the info !
+1 Reply
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