EURUSD bearish butterfly reversal formation!

١٦ يناير ٢٠١٨

EURUSD is forming a strong bearish butterfly reversal formation with first major resistance at 1.2289 (ABC Fibonacci extension, bearish butterfly harmonic formation) and a strong reaction could occur at this level to drive price down towards 1.2090 support (Fibonacci retracement, horizontal pullback support).

Stochastic (34,5,3) is seeing major resistance below 99% where a corresponding reaction could occur.

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