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Euro / U.S. Dollar
Short

Euro index Approaching Resistance, Prepare For A Reversal

By ICmarkets
Broker

Euro index is approaching its resistance at 6.9504(100% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially drop to its support at 6.9159 (61.8% Fibonacci extension , horizontal swing low support).

Stochastic (34, 5, 3) is approaching its resistance at 91% where a corresponding bounce could occur.
Chart PatternsEUReurindexforexsignalsHarmonic 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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