EURUSD approaching strong resistance,prepare potential reaction
EURUSD is approaching strong resistance at 1.2365 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push prices down to major support at 1.2165 (Fibonacci extension, major horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing major resistance at 95% and a corresponding reaction could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results