EURUSD -0.66% is testing major resistance at 1.2363 ( Fibonacci retracement , horizontal swing high resistance, bearish divergence, Fibonacci extension ) and a strong reaction could occur at this level to push price all the way down to major support at 1.2165 ( Fibonacci extension , horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% where a corresponding reaction could occur. We’re also seeing strong bearish divergence vs price which is usually a precursor of a potential upcoming drop.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
I can a major resistance at 1.35 long-term and 1.25 short-term
Check out my blog to find charts and follow me. Hi 🖐🏼🙂👍
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit