EURUSD has broken our strong ascending support, potential drop!
EURUSD has broken our long term ascending support along with falling below our ichimoku cloud. These are all strong signs of a potential drop from here. However, we're seeing major support at 1.2230 which is our 38.2% Fibonacci retracement, 50% Fibonacci retracement, 100% Extension and horizontal swing low support. This level would need to be broken to trigger a potential drop to our next major level of support at 1.2074.
It is nice to see RSI also facing good downside pressure and similarly breaking our of our ascending support-turned-resistance line.
It is nice to see RSI also facing good downside pressure and similarly breaking our of our ascending support-turned-resistance line.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.