Euro / U.S. Dollar
Short

EURUSD Approaching Resistance, Potential A Reversal

1 629
EURUSD is approaching its resistance at 1.1606 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 1.1493 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.

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