EUR/USD Approaching Resistance, Prepare For A Reversal

Trading 28 déc 2018 Donner votre avis

EUR/USD is approaching its resistance at 1.1506 (100% & 61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 1.1363 (61.8% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.

EUR/USD is approaching its resistance where we expect to see a reversal.

Sell below 1.1506. Stop loss 1.1618. Take profit at 1.1363.


The material has been provided by InstaForex Company -

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