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EURUSD testing its resistance, potential to drop further!

Penjualan
Euro / Dollar AS (FX:EURUSD)  
ICmarkets Broker  
FX:EURUSD   Euro / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns EURUSD EUR USD Forex forexsignals eurusdshort eurusdlong Bitcoin (Cryptocurrency)
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trendanalysis harmonicpatterns chartpattern eurusd eur usd forex forexsignals eurusdshort eurusdlong bitcoin
EURUSD testing its resistance at 1.2264 (horizontal overlap resistance, breakout level) where it could potentially fall to its 1st support at 1.2198 (100% Fibonacci extension, 61.8% Fibonacci extension). If it breaks this support, it could fall to its next support at 1.2160 (horizontal swing low support). We have also identified 2 other resistances at 1.2292 and 1.2354 (horizontal overlap resistance)

RSI (89, 5, 3) show a descending channel which contributes to our bearish bias.
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