EURUSD approaching resistance, watch for potential drop!

4 ก.ค. 2018

EURUSD is approaching our first resistance at 1.1724 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 1.1590 (horizontal swing low support, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance line and we might see a corresponding drop in price.
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