EURUSD approaching resistance, potential drop!

2018년 8월 21일

EURUSD is approaching our first resistance at 1.1627 (horizontal overlap resistance, 100% Fibonacci extension, 23.6%, 50% Fibonacci retracement, long term ascending support-turned-resistance line) and a strong drop might occur below this level pushing price down to our major support at 1.1202 (horizontal swing low support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching our major resistance where we might see a corresponding drop in price should it react off this level.
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