EURUSD 1H FRAME
Price dropped perfectly to our profit target. We are now looking to sell on strength below 1.0564 resistance (Fibonacci retracement) for a further drop to 1.0456 (Fibonacci projection).Stochastic (21,5,3) has reacted off our 95% resistance perfectly as expected and we expect a further drop as it still has good downside potential. Sell below 1.0564. Stop loss at 1.0608. Take profit at 1.0456.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.