EUR/USD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance), where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97%, where a corresponding drop is expected.
EUR/USD is testing its resistance, where we expect to see a reversal.
Sell below 1.1523. Stop loss at 1.1583. Take profit at 1.1400.
EUR/USD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance), where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97%, where a corresponding drop is expected.
EUR/USD is testing its resistance, where we expect to see a reversal.
Sell below 1.1523. Stop loss at 1.1583. Take profit at 1.1400.
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The material has been provided by InstaForex Company – www.instaforex.com
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