EURUSD is approaching our first resistance at 1.1391 (horizontal pullback resistance, 61.8% fiboancci extension, 50% fiboancci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1342 (38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Major support at 1.1342 became resistance. Already Italy & maybe Germany soon, entering recession.
TradingShot
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Based on the stoch that was expected but I am afraid even I neglected this sell possibility. I am pretty confident though that we are again on a support. I expect at least 1.14170.