#EURUSD approaching pivot, potential for a drop!

Price is reacting below our pivot level at 1.17033 which is in line with 23.6% Fibonacci retracement levelhorizontal swing high resistance. Price can potentially take support at 1.15572, which is in line with horizontal overlap support. Alternatively, price may rise up to our resistance at 1.17554, which coincides with 50.0% Fibonacci retracement levelhorizontal overlap resistance . This is further supported by how price is holding below the EMA

Pivot:
1.17033
Why we like it:
23.6% Fibonacci retracement level horizontal swing high resistance

1st Support:
1.15572
Why we like it:
horizontal overlap support

1st Resistance:
1.17554
Why we like it:
50.0% Fibonacci retracement level horizontal overlap resistance

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