Euro / U.S. DollarShort
EURUSD H4 | Potential reverse from 78.6% ?
Price is heading toward resistance level which could reverse from this level with lines up with 78.6% Fibonacci retracement
Entry: 1.0689
Why we like it:
There is an overlap resistance which lines up with the 78.5% Fibonacci retracement
Stop Loss: 1.0777
Why we like it:
There is an overlap resistance
Take Profit: 1.0548
Why we like it:
There is a swing low support.
Entry: 1.0689
Why we like it:
There is an overlap resistance which lines up with the 78.5% Fibonacci retracement
Stop Loss: 1.0777
Why we like it:
There is an overlap resistance
Take Profit: 1.0548
Why we like it:
There is a swing low support.
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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.