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Euro / Dollaro
Short

EURUSD Tested Resistance, Potential For A Drop!

Di ICmarkets
Broker
EURUSD tested its resistance at 1.1722 (23.6% Fibonacci retracement, channel resistance, horizontal overlap resistance) where we price could fall to its support at 1.1536 (horizontal swing low support). We do have to be cautious of the intermediate support at 1.1612 (50% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) has reversed from its intermediate resistance at 87% where we expect to see a corresponding drop.
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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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