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Euro / U.S. Dollar
Short

EURUSD approaching its resistance, potential for a drop!

By ICmarkets
Broker
Updated
EURUSD approaching its resistance at 1.2461 (74.6% Fibonacci retracement) where a reaction could occur, causing price to fall to its 1st support at 1.2375 (50% Fibonacci retracement, 38.2% Fibonacci retracement). We have also identified a 2nd resistance at 1.2491 (100% Fibonacci extension, channel exit potential).

Stochastic (89, 5 3) is approaching its resistance at 98% where a potential reaction could occur.
Trade closed: target reached
nice! dropped to our support target!
Bitcoin (Cryptocurrency)Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsHarmonic 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.
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