Get started
Euro / U.S. Dollar
Short

EURUSD approaching resistance, potential drop!

623
EURUSD is approaching its resistance at 1.1829 (horizontal overlap resistance, 23.6%, 50% Fibonacci retracement, 100% Fibonacci extension) price might potentially drop to its major support at 1.1553 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
RSI (55) is also seeing facing bearish pressure from our descending resistance line.

ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Also on:
Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD

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.
Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Also on:

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.