EURUSD approaching resistance, potential drop this level!
Price is approaching our first resistance at 1.1243 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where we might see a corresponding drop in price to our major support level at 1.1178 (horizontal swing low support, 61.8% Fibonacci retracement). Stochastic is approaching resistance as well.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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