EURUSD approaching resistance, potential drop!

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EURUSD is approaching its resistance at 1.1829 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) price might potentially drop to its major support at 1.1553 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (55) is also seeing facing bearish pressure from our descending resistance line.

Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD
ICmarkets
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