Get started
Euro / U.S. Dollar
Short

EURUSD Index Approaching Resistance, Prepare For A Reversal

By Klimex




EURUSD is approaching its resistance at 1.1246 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially drop to its support at 1.1184 (horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Chart PatternsEUREURUSDforexsignalsHarmonic PatternsTrend AnalysisUSD
Klimex

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.