EURUSD Approaching Resistance, Potential Reversal
EURUSD is approaching its resistance at 1.1514 (100% Fibonacci extension x2, 50% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1.1397 (61.8% Fibonacci extension , 50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
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