EUR50 approaching resistance, potential drop!

٨ يناير ٢٠١٩

EUR50 is approaching our first resistance at 3075 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 3016 (50% fibonacci retracement, 100% fibonacci extension, horizontal swing high resistance).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
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