EURUSD Reversed Off Resistance, Potential For A Further Drop
EURUSD reversed off its resistance at 1.1418 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 1.1353 (38.2% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
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