EURUSD Reversed Nicely Off Resistance, Potential Drop!

24 ביולי 2018

EURUSD has reversed off its resistance at 1.1745 (61.8% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) where price could pullback to before making a further move down to its support at 1.1644 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.