EURUSD approaching resistance, potential drop!

6 ก.ย. 2018

EURUSD is approaching our first resistance at 1.1654 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1595 (horizontal pullback support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our resistance and a reaction below this level might see a corresponding drop in price.
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