EURUSD has reacted off our first resistance at 1.2285 (horizontal overlap resistance) and a further drop might occur below this level, pushing price down to our major support at 1.2238 (horizontal swing low support).
RSI (89) is also approaching our descending resistance line and a reaction of this level might be a good precursor of a potential drop in price.
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Trade chiuso: obiettivo raggiunto
Dropped nicely to our major support!! Did you mange to ride the wave down?
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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