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Euro / Dollaro
Short

EURUSD back to major resistance, remain bearish

Di Tickmill
Broker
EURUSD is back to test our major resistance at 1.2363 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this level to push price down to 1.2165 support (Fibonacci extension, horizontal swing low support).

Stochastic (34,5,3) is reacting really nicely off our major resistance at 95% and has good downside potential for our drop.

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Chart PatternsEUREURUSDeurusdforecasteurusdideaeurusdlongeurusdpredictioneurusdshorteurusdsignalHarmonic PatternsTrend AnalysisUSD
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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