Euro H4 | Potential reversal off a multi-swing-high resistanceThe Euro (EUR/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.1609 which is a multi-swing-high resistance.
Stop loss is at 1.1675 which is a level that sits above the 127.2% Fibonacci extension.
Take profit is at 1.1535 which is a pullback support that aligns with a 50% Fiboancci retracement.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
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