EURUSD testing resistance, potential drop!

EURUSD is testing our first resistance at 1.1719 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.1556 (horizontal swing low support).
RSI is also approaching its resistance and we might see a corresponding drop in price should it react off this level.
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Chart PatternsEUREURUSDeurusdlongeurusdshortForexforexsignalsforextradingHarmonic PatternsTrend AnalysisUSD

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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