Tickmill

EURUSD approaching resistance, potential drop!

Corto
FX:EURUSD   Euro/Dólar estadounidense
EURUSD is approaching our first resistance at 1.1434 (76.4% Fibonacci retracement, 100% Fibonacci extension, descending channel resistance) where a strong drop might occur pushing price down to our major support at 1.1184 (100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance we might see a corresponding drop in price.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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