Klimex

EURUSD Approaching Resistance, Prepare For A Reversal

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD is approaching its resistance at 1.1295 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal pullback resistance) where it is expected to reverse down to its support at 1.1219( 61.8% Fibonacci retracement ).
Stochastic (34, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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