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Euro / U.S. Dollar
Short

EURUSD Testing Resistance, Potential Drop!

By ICmarkets
Broker

EURUSD is testing its resistance area at 1.1760 (100% Fibonacci extension, 23.6% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it coul potentially fall to its support at 1.1647 (61.8% Fibonacci extension, horizontal overlap support).
Stochatic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could 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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