EURUSD approaching resistance, potential drop!
EURUSD is approaching our first resistance at 1.1362 (horizontal pullback resistance, 76.4% Fibonacci retracement100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1318 (horizontal swing low support, 23.6% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is also approaching our first resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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