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EURUSD approaching its resistance, potential reversal!

Oleh ICmarkets
Broker
EURUSD is approaching its resistance at 1.1733 (100% & 61.8% Fibonacci extension, 61.8% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal could occur, causing price to fall to its support at 1.1518 (horizontal swing low support).
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.
Chart PatternsEUREURUSDeurusdshortForexforexsignalsHarmonic PatternsTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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