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Euro / Dollar AS
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EURUSD approaching resistance, potential drop!

Oleh ICmarkets
Broker
EURUSD is approaching its resistance at 1.1829 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) price might potentially drop to its major support at 1.1553 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (55) is also seeing facing bearish pressure from our descending resistance line.

Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic 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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