EURUSD Reversed Off Resistance, Potential For Further Drop
EURUSD reversed off its resistance at 1.1629 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.1442 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
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.