EURUSD approaching resistance, potential drop!

2018년 8월 24일

EURUSD is approaching our first resistance at 1.1623 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1435 (horizontal pullback support, 61.8% Fibonacci retracement).
Stochastic (55,5,3) 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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