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Euro / U.S. Dollar
Short

EURUSD Approaching Its Resistance, Potential For Reversal!

By ICmarkets
Broker
EURUSD is approaching its resistance at 1.1743 (61.8% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) where price could reverse off and move towards its support at 1.1661 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching resistance at 96% where a reversal might occur.
Chart PatternsEUREURUSDeurusdshortForexforexsignalsHarmonic 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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