Tickmill
Short

EURUSD approaching resistance, potential drop!

FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching our first resistance at 1.1503 (horizontal pullback resistance, 61.8% Fibonacci extension , 76.4% Fibonacci retracement ) where a strong drop might occur pushing price down to our major support at 1.1443 (horizontal pullback support, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice.

Comments

Great analysis! On point to the T.
I think that EU will continue with its uptrend on tommorows NFP
Analysis:
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